2995 Hwy 66, Ashland, OR 97520-9503
- Commercial real estate
- 14,234 SF
- 2.36 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2995 Hwy 66
- Year built
- 2000
- Lot size
- 2.36 lot acres
- Zone code
- C-G
- Property type
- Commercial real estate
- APN
- 1-0116264
- APU
- 10116264
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 27, 2025 | $2,500,000 | Herndon Investments LLC | Rendevco LLC | Warranty Deed | — |
| Mar 2, 2006 | $1,080,000 | Rendevco LLC | Foster,james R | Warranty Deed | $705k · James R Foster |
| — | — | Rendevco LLC | — | Deed Of Trust · related | $795k · Premierwest Bank |
| — | — | James R Foster | — | Deed Of Trust · related | $80k · Umpqua Bank |
Description
This exceptional 20,860 square foot commercial property, situated on a prominent 2.36-acre corner lot at 2995 Hwy 66 in Ashland, Oregon, presents a rare investment opportunity. The facility, known as Corner Storage, is the only publicly available storage facility of its kind in the area, boasting strong visibility and convenient access from Highway 66. The diverse unit mix includes 129 storage units of varying sizes (detailed in the offering memorandum), nine office suites, seven warehouse studios, and 37 leased parking spaces, generating a robust rental income stream with significant upside potential exceeding $5,000 per month. Recent significant improvements enhance the property's value and appeal, including new siding, complete paving in 2017, solar panels, newer roofs, connection to public sewer, and a new well pump. The manager's quarters have undergone a complete remodel, resulting in a modern and updated space. The property also features excess land in the northeast corner, offering potential for future development and increased revenue generation. This well-maintained and highly profitable facility represents a unique opportunity for investors seeking a stable and growing income stream in a desirable location. Please review the attached documents for complete details. Do not disturb tenants or staff.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,455,000
- 6.5%
- $2,265,000
- 7%
- $2,105,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,632,000
Market price range: $2.63M - $6.07M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $4,090,000 Current use
- RESTAURANT
- $3,515,000 Change: -14% Conversion: Difficult
- MEDICAL BUILDING
- $3,355,000 Change: -18% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $3,295,000 Change: -20% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ashland
- County
- Jackson
- State
- Oregon
- Longitude
- -122.655
- Latitude
- 42.1834
- CBSA code
- 32780
- CBSA name
- MEDFORD, OR METROPOLITAN STATISTICAL AREA
