545 A StAshland, OR 97520

Property Details for 545 A St

Lot size

0.13 AC

Property size (Sq ft)

4,950 SF

Zone code

E-1

Property type

Office properties

APN

1-0828855

APU

10828855

Description

This exceptional mixed-use property, located in Ashland, Oregon's vibrant Railroad District, presents a compelling investment opportunity. The 4,950 square foot building, constructed in 1997, sits on a 0.13-acre lot and boasts five units: three commercial and two residential. The commercial spaces are currently 100% occupied by long-term tenants, generating a substantial pro-forma NOI of $56,044, with annual rent bumps. The two residential units, occupied since October and December 2023, offer comfortable living spaces. Recent upgrades include a new 20-year roof (2015), exterior paint and caulking (2022), and new HVAC systems in multiple units (2017 & 2020). The property features alley access with five private parking spaces and one shared ADA-compliant space, plus a charming courtyard. Each unit has separate gas and electric meters, with the owner responsible for landscaping, water, sewer, garbage, and recycling. The building is zoned E-1 and offers a compelling pro-forma cap rate of 3.74%. This meticulously maintained property is ideally situated near restaurants, shopping, Railroad Park, and Ashland's central bike path, ensuring strong tenant demand and long-term value. Detailed financial information, including pro-forma, rent rolls, and maintenance records, is available upon request. The asking price is $1,500,000, representing a price per square foot of $303.03 and a price per unit of $300,000. The lease terms for the commercial units range from 4.6 to 5.8 years, commencing October 1, 2023, and expiring June 30, 2029. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use asset in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $975,638

  6.5%

  $900,589

  7%

  $836,261

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,268,338

  Geo Method

  $1,268,338

• Alternative Use

  Use

  Valuation

  Residential

  $1,116,730

  Hospitality

  $1,022,919

  Educational

  $851,056

  Medical

  $880,326

  Retail

  $1,323,866

Location Insight

City

Ashland

County

Jackson

State

Oregon

Latitude

42.1983

Longitude

-122.707

CBSA code

32780

CBSA name

MEDFORD, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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