2305 Ashland StAshland, OR 97520

Property Details for 2305 Ashland St

Lot size

0.77 AC

Property size (Sq ft)

8,760 SF

Zone code

C-1

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1-0807878

APU

10807878

Description

Tolman Creek Plaza, located at 2305 Ashland St, Ashland, OR 97520, presents a unique opportunity for businesses seeking a prime retail location. This Class A, single-story building, totaling 8,760 square feet, underwent a complete renovation in 2023, boasting modern amenities and a fresh aesthetic. Currently, there are multiple tenancies available, with 2,668 square feet immediately available and additional space potentially available. The property sits on a 0.77-acre lot and offers ample parking for customers and employees. Built in 1991 and extensively remodeled in 2022-2023 to meet the standards of a national chain, the property features ADA-compliant restrooms and outdoor seating. The space includes a large walk-in cooler, ideal for restaurants or businesses requiring cold storage. The property is zoned for commercial use and is situated in a vibrant submarket encompassing office, restaurant, retail, and medical uses, ensuring high visibility and foot traffic. The cross street is Tolman Creek, providing excellent access and convenient location within Ashland, Oregon. This is an exceptional opportunity to establish or expand your business in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $2,538,104

  6.5%

  $2,342,865

  7%

  $2,175,518

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,656,328

  Geo Method

  $5,656,328

• Alternative Use

  Use

  Valuation

  Residential

  $1,976,294

  Hospitality

  $1,810,275

  Educational

  $1,506,127

  Medical

  $1,557,926

  Retail

  $2,342,865

Location Insight

City

Ashland

County

Jackson

State

Oregon

Latitude

42.1856

Longitude

-122.671

CBSA code

32780

CBSA name

MEDFORD, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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