640 Tolman Creek Rd Ashland, OR 97520

This exceptional 37,640 square foot industrial property, located at 640 Tolman Creek Rd, Ashland, OR 97520, presents a unique investment opportunity. The property, situated on a 1.46-acre lot, features a two-story building constructed in phases between 1968 and 2005, with renovations completed in 2007. Currently vacant, this Class B building offers significant potential for owner-users or investors seeking a value-add project. The property boasts three loading docks and one dock-high door, providing ample space for efficient loading and unloading. With 31 parking spaces available, the property is well-suited for employees and visitors. The permitted zoning is E-1 with a Transit Triangle Overlay, allowing for a mix of commercial and residential uses. The property benefits from excellent accessibility, with easy access to Highway 66, Interstate 5 (Exit 14), and public transportation via the Rogue Valley Transportation District (RVTD). This location offers convenient access to downtown Ashland, Southern Oregon University, and major transportation routes, making it ideal for various businesses. The asking price is $4,335,000, representing a price per square foot of $115. A lease option at $0.75 PSF, modified gross, is also available. A recent survey (October 18, 2022) provides up-to-date information on the property. The property's history as the home of the Independent Printing Company for nearly 50 years adds to its unique character and appeal.