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116 Lithia Way
Ashland, OR 97520
Retail Property For Sale
Investment Highlights
- Versitile commercial building in heart of downtown Ashland.
- Eight tenant suites.
- High-traffic location; ample public parking.
- One block from Oregon Shakespeare Festival.
- Established mix professional and personal services, restaurant, and salon.
Executive Summary
Versatile commercial building in the heart of downtown Ashland – surrounded by retail and restaurants, within one block of the Oregon Shakespeare Festival! Eight tenant suites with an established mix of professional and personal services, restaurant, and hair salon. Main level features a 55’ x 10’ breezeway to Will Dodge Way, three individual suites, and one common area bathroom. Upper level with five additional suites, full commercial kitchen, two additional shared bathrooms, and storage closets. High-traffic location with excellent visibility and ample public parking directly across Lithia Way. Recent appraisal of income and comparable sales with market value opinion available. Inquire with agents to access additional documentation and details!
Property Facts
Sale Type
Investment
Property Type
Building Size
2,640 SF
Building Class
C
Year Built
1979
Price
$1,039,452 CAD
Price Per SF
$393.73 CAD
Cap Rate
5.95%
NOI
$61,846 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.21
Lot Size
0.05 AC
Zoning
C-1 - Zoning allows broad range commercial activity. Hotel operations may require CUP. Oregon HB 2984 provides pathway for conversion to residential.
Frontage
Property Taxes
| Parcel Number | 10065401 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $702,834 CAD |
Property Taxes
Parcel Number
10065401
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$702,834 CAD
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