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Downtown Ashland Commercial Building For Sale

116 Lithia Way, Ashland, OR 97520

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For Sale

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Versatile commercial building in downtown Ashland near Oregon Shakespeare Festival.

Type:Mixed Use, Office, Retail

Property size:

3,850 SF

Price / SF:

$197/SF

HighLights

High‑traffic downtown location with excellent visibility and ample public parking.
Versatile commercial building with eight tenant suites and established mix of tenants.
Located in the heart of downtown Ashland, near retail, restaurants, and the Oregon Shakespeare Festival.
Includes a full commercial kitchen and multiple shared bathrooms.
Features a 55’ x 10’ breezeway to Will Dodge Way.
Recent appraisal of income and comparable sales available.

We can help!

Contact an agent

Graham Thomas

For Sale

Contact for pricing

Versatile commercial building in downtown Ashland near Oregon Shakespeare Festival.

Type:Mixed Use, Office, Retail

Property size:

3,850 SF

Price / SF:

$197/SF

Added:: Mar 6, 2026
Days on Market:: 113
Last Refresh:: Mar 16 at 3:11 pm

Property Features for 116 Lithia Way

General Information

Standard status: Active
Size: 3,850 SF
Property subtype: Mixed Use, Office, Retail

We can help!

Contact an agent

Graham Thomas

Listing office Catherine Rowe Real Estate Team

Listing date Mar 6, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Catherine Rowe Real Estate Team

HighLights

High‑traffic downtown location with excellent visibility and ample public parking.
Versatile commercial building with eight tenant suites and established mix of tenants.
Located in the heart of downtown Ashland, near retail, restaurants, and the Oregon Shakespeare Festival.
Includes a full commercial kitchen and multiple shared bathrooms.
Features a 55’ x 10’ breezeway to Will Dodge Way.
Recent appraisal of income and comparable sales available.

Overview

This versatile commercial building is located in the heart of downtown Ashland, surrounded by retail and restaurants, and within one block of the Oregon Shakespeare Festival. The building features eight tenant suites with an established mix of professional and personal services, a restaurant, and a hair salon. The main level includes a 55-foot by 10-foot breezeway to Will Dodge Way, three individual suites, and one common area bathroom. The upper level offers five additional suites, a full commercial kitchen, two additional shared bathrooms, and storage closets. The property benefits from a high-traffic location with excellent visibility and ample public parking directly across Lithia Way. The total property size is 3,850 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$84.5k	$21.96
− Vacancy	−$8.7k	−$2.26
EGI	$75.9k	$19.70
− OpEx	−$19.0k	−$4.93
NOI	$56.9k	$14.78

3,850 SF · lease $21.96/SF/yr · vacancy 10.28% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$812.7K

$711.1K – $948.2K (±1% cap)

NOI $56,891 @ 7.0% cap · market cap 7.49%

Second Best

Retail

$760.9K

$665.8K – $887.7K (±1% cap)

NOI $53,264 @ 7.0% cap · market cap 7.01%

Theoretical Best

Office A

$929.3K

$813.1K – $1.08M (±1% cap)

NOI $65,050 @ 7.0% cap · market cap 8.56%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Kenneth Sackowitz Hair ... Hair Salon Westbrook Hair Design Hair Salon Diamond Parking Services Parking Lot & Garage Ashland Psychic Spiritual Center PINNACLE CONSULTING & SERVICES ... Consultant

Suggested Use

Location Insight

Map
Local Demand

City: Ashland
County: Jackson
State: Oregon
Longitude: -122.7131971
Latitude: 42.1970166

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For sale
Mixed-use properties
OR
Ashland
97520
116 Lithia Way

What type of property is this?

Mixed-use property - Versatile commercial building in downtown Ashland near Oregon Shakespeare Festival.

Where is this mixed-use property located?

The property is located at 116 Lithia Way Ashland, OR.

What is the asking price?

The asking price for this property is $760,000.

What are key features of this property?

This property features: High‑traffic downtown location with excellent visibility and ample public parking.; Versatile commercial building with eight tenant suites and established mix of tenants.; Located in the heart of downtown Ashland, near retail, restaurants, and the Oregon Shakespeare Festival.