499 Chestnut St Ashland, OR 97520-1546
- Medical offices
- 1,688 SF
- 0.32 lot acres
Jan 03, 2025
Current Use by Public Records
- Hersch Steven MD / Internist
- Meducation PC / Doctor / Medical Office
- Mark S. Adams, DC / Chiropractor
- Adams Chiropractic / Chiropractor
Property Details for 499 Chestnut St
- Lot size
- 0.32 lot acres
- Property size
- 1,688 SF
- Zone code
- R-2
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 1-0057100
- APU
- 10057100
Description
This 1,688 square foot office building in Ashland, Oregon, presents a compelling investment opportunity. Located at 499 Chestnut Street, this single-story structure sits on a 0.32-acre lot and boasts four parking spaces, including disability access. Extensively renovated in 2000, the property features a common reception area, multiple private offices, consultation spaces, an administrative office, ADA-compliant bathroom, kitchen area, break room, and additional potential workstations. A sizable basement provides ample storage. The building includes a new AC unit and is situated on a well-landscaped lot with potential for expansion. The property is ideally located near Ashland Community Hospital. Two tenant spaces are currently leased on a month-to-month basis. This versatile space is suitable for a variety of uses, including medical, dental, or general professional offices, and could potentially be converted for residential use. The asking price is $395,000, with a price per square foot of $234. Much of the existing furniture and equipment is available for purchase.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $360,000
- ML approach
- $350,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $410,000
- 6.5%
- $375,000
- 7%
- $350,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $489,000
Market price range: $158k - $490k
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Location Insight
- Map
- Local Demand
- City
- Ashland
- County
- Jackson
- State
- Oregon
- Longitude
- -122.726
- Latitude
- 42.2055
- CBSA code
- 32780
- CBSA name
- MEDFORD, OR METROPOLITAN STATISTICAL AREA