116 Lithia Way, Ashland, OR 97520
- Added:
- Mar 5, 2026
- Days on Market:
- 115
- Last Refresh:
- Jun 28 at 10:06 pm
Property Features for 116 Lithia Way
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- On Street, Parking Lot, Alley
- Interior features
- Built-in Features
- Standard status
- Pending
- APN
- 10065401
- Size
- 3,850 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7902
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1979
- Floors in Building
- 2
- Number of units
- 8
- Flooring type
- Concrete, Carpet, Tile, Hardwood, Vinyl
- Building materials
- Block, Brick, Concrete, Frame
- Roof type
- Membrane
Listing agent Rowe Real Estate Team License #201218617 (541) 708-3975
Listing office John L. Scott Ashland 320 E Main Street #100, Medford, OR (541) 488-1311
Listing date Mar 5, 2026
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Commercial building built in 1979 with eight tenant suites and an established mix of professional and personal services, restaurant, and hair salon
- Main level includes a 55' x 10' breezeway to Will Dodge Way, three individual suites, and one common area bathroom
- Upper level features five additional suites, a full commercial kitchen, two shared bathrooms, and storage closets
- Central air and forced‑air heating; interior features include built‑in features
- Roof is membrane; construction materials include block, brick, concrete, and frame
- Public utilities: public water and public sewer; parking options include parking lot, alley, and on‑street
Overview
The property is positioned in downtown Ashland, surrounded by retail and restaurant uses. PublicRemarks also notes a high-traffic setting with ample public parking directly across Lithia Way and proximity to the Oregon Shakespeare Festival within one block.
With an established mix of professional and personal services, restaurant space, and a hair salon, the building can support tenants seeking a downtown retail-and-service environment. The presence of a full commercial kitchen on the upper level provides a useful setup for food-related operations that need kitchen capability. Additionally, the combination of multiple suite configurations and shared facilities may appeal to investors or owner-operators looking for a multi-tenant arrangement in a visible, parking-accessible location.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ashland
- County
- Jackson
- State
- Oregon
- Longitude
- -122.713239
- Latitude
- 42.196983
