Historic Six-Suite
For Sale
Contact for pricing
243 4th St, Ashland, OR 97520
Renovated historic lodging property with self-check-in operations, guest amenities, courtyard access, and off-street parking.
Property SizeContact for details
Days on Market144
Property Features for 243 4th St
General Information
Standard status
Active
Total Parking Spaces
3
Property subtype
Hospitality
Zoning
E-1
Additional Details
Business Included
Yes
Amenities
fireplace
courtyard patio
kitchen space
beverage bar
free Wi-Fi
electric car charging station
library
mini fridge
coffee maker
Building Details
Year Built
1904
Year Renovated
1991
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Pacwest Commercial Real Estate
Listed By:
Rene' Nelson, CCIM · License #OR 890500024
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 6:54AM
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 Pacwest Commercial Real Estate
Investment Insights
Based on property information with market context.
The Peerless Hotel is a historic two-story brick lodging property in downtown Ashland, Oregon. Originally constructed in 1904, the building underwent a to-the-studs renovation in 1991 that included a historically compatible seismic upgrade. Original brickwork, doors, hardware, windows, trim, woodwork, staircase, and a Coca-Cola mural remain. Six guest suites include mini refrigerators, coffee makers, modern amenities, and complimentary Wi-Fi. Shared spaces include a lobby with fireplace, serving room, work area, library, beverage bar, kitchen space, and access to a rear courtyard patio.
Recent improvements include a new roof, a 500-gallon hot water heater, kitchen appliances, and electrical upgrades. The property includes three off-street parking spaces and an electric vehicle charging station. Self-check-in eliminates the need for lobby staffing, and management is provided by WanderLodges. E-1 zoning may allow a commercial/residential use change, subject to City of Ashland verification and any required capital improvements. The hotel is within walking distance of the Oregon Shakespeare Theatre and is located near downtown restaurants, wineries, breweries, and year-round events.
Recent improvements include a new roof, a 500-gallon hot water heater, kitchen appliances, and electrical upgrades. The property includes three off-street parking spaces and an electric vehicle charging station. Self-check-in eliminates the need for lobby staffing, and management is provided by WanderLodges. E-1 zoning may allow a commercial/residential use change, subject to City of Ashland verification and any required capital improvements. The hotel is within walking distance of the Oregon Shakespeare Theatre and is located near downtown restaurants, wineries, breweries, and year-round events.
Key Highlights
- Six guest suites in a historic two‑story brick building
- 1904 construction with a 1991 to‑the‑studs renovation and seismic upgrade
- Original brickwork, windows, doors, woodwork, staircase, and Coca‑Cola mural retained
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,762
Businesses Nearby
Explore this area
Business Placement
Demographics for 97520, OR
25,970
Population
13,964
Households
1.9
Avg Household Size
47
Median Age
61%
College-Educated
96%
High-School Grad
328.8 sq mi
ZIP Area
79
Density / Sq Mi
$71,485
Median Household Income
$31,869
Median Earnings
$1,360
Median Rent
$568,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Renovated historic lodging property with self-check-in operations, guest amenities, courtyard access, and off-street parking.
Where is this hotel located?
The property is located at 243 4th St Ashland, OR.
What are key features of this property?
This property features: Six guest suites in a historic two‑story brick building; 1904 construction with a 1991 to‑the‑studs renovation and seismic upgrade; Original brickwork, windows, doors, woodwork, staircase, and Coca‑Cola mural retained
