340 A StAshland, OR 97520

Property Details for 340 A St

Lot size

0.84 AC

Property size (Sq ft)

4,096 SF

Zone code

E-1

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1-0064368

APU

10064368

Description

This iconic Ashland commercial property, situated on a full city block in the historic Railroad District, presents a unique investment opportunity. The 19,196 square foot building boasts nine commercial suites, a 36-space parking lot, and is situated on a 0.84-acre lot. Currently, eight suites are leased to a diverse mix of established businesses including a bakery, cafe, retail, and professional services, providing a stable income stream. Suite 1, totaling 23 private offices, six semi-private open office areas, two administrative workstations, reception, lobby, flex space, conference room, climate-controlled server room, Cat-5 wiring, and fiber optic internet, is available for immediate occupancy or lease in 2025 following a thorough renovation. The property features nine separate gas and electric meters and two water meters, offering efficient utility management. Significant development potential exists within the E-1 zoning with a residential overlay, allowing for the construction of up to 40,000 additional square feet of mixed-use commercial and residential space, potentially including underground parking. This property offers a blend of immediate income generation and substantial long-term growth potential in a thriving Ashland location. Detailed financial information, improvement records, maintenance logs, and floor plans are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $1,186,753

  6.5%

  $1,095,465

  7%

  $1,017,217

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,644,786

  Geo Method

  $2,644,786

• Alternative Use

  Use

  Valuation

  Residential

  $924,065

  Hospitality

  $846,439

  Educational

  $704,227

  Medical

  $728,447

  Retail

  $1,095,465

Location Insight

City

Ashland

County

Jackson

State

Oregon

Latitude

42.1984

Longitude

-122.709

CBSA code

32780

CBSA name

MEDFORD, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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