1875 Or-99Ashland, OR 97520

This exceptional investment opportunity presents a 5,224 square foot, single-story office building situated on a 0.67-acre lot at 1875 Highway 99 N, Ashland, OR 97520. Boasting a prime location with high visibility along Highway 99, this property benefits from approximately 38,000 daily vehicles passing by en route to the North I-5 entrance. The building, constructed in 1987, features 13 units currently operating at 100% occupancy under Modified Gross lease terms, offering a mix of short and long-term leases. The property includes 30 parking spaces and is zoned GC. Recent upgrades include landscaping, plumbing, flooring, and HVAC systems, minimizing maintenance needs. Financial highlights include a current NOI of $41,581 and a 5.37% cap rate, with a pro-forma NOI of $57,942 and a pro-forma cap rate of 7.48%. The asking price is $775,000, translating to $148.35 per square foot. This stabilized investment presents a compelling opportunity for a strong return. The property is free and clear of any ground lease.