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    180 Lithia Way Ashland, OR 97520

    For Sale
    $2,490,000

    Fully Leased, High-Traffic Location

    Property size:
    10,088 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This fully leased, 10,088 square foot Class B office and retail building in downtown Ashland, Oregon presents a compelling investment opportunity. The property, built in 2004, consists of nine commercial condos within a single two-story building, offering flexibility for future sales or lease adjustments. Currently boasting 100% occupancy with eight tenants under net leases, the property generates a strong net operating income (NOI) of $124,702, resulting in a 5.01% cap rate. The asking price is $2,490,000, translating to $246.83 per square foot. Located at 180 Lithia Way (APN 10979761), this prime location within Ashland's "Tourist Triangle" benefits from high daily traffic (9,700 vehicles) and excellent pedestrian access. Amenities include convenient access to electric vehicle charging stations and ample public parking. The building itself features desirable attributes such as conference rooms, breakrooms, multiple entrances, high ceilings, large windows, and a fire suppression system. The property is zoned C-1-D (Commercial Downtown) and includes rent bump provisions. The current lease agreements expire November 15, 2024. Ashland's vibrant cultural scene, including the renowned Oregon Shakespeare Festival, and its thriving tourism industry contribute to the property's strong tenant demand and investment potential. This is a stabilized investment in a highly desirable location.

    Property Features for 180 Lithia Way

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,088 SF
    Class
    B

    Building Details

    Year Built
    2004
    Buildings
    1
    Stories
    2
    Units
    9

    HighLights

    • 10,088 SF Class B office/retail building, 100% leased, generating $124,702 NOI.
    • Nine commercial condos offer flexibility for future sales or lease adjustments.
    • $2,490,000 asking price ($246.83/SF), 5.01% cap rate.
    • Prime downtown Ashland location in the "Tourist Triangle," with 9,700 VPD and excellent pedestrian access.
    • Building amenities include conference rooms, breakrooms, multiple entrances, high ceilings, large windows, and a fire suppression system; nearby EV charging stations and ample public parking.
    • C‑1‑D zoning, rent bump provisions, leases expiring November 15, 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    MustHaveMenus, Inc. Software Company Ashland Brain Harmony Health Consultant Aligned Career Coaching Career Guidance Service Natural Medicine Holistic Medicine Practitioner FourEight Transitions Mental Health Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Hair Salon Spa & Massage Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    Jackson
    State
    Oregon
    Longitude
    -122.71232106134
    Latitude
    42.196790344323

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    FAQs

    What type of property is this?
    Individual retail property - Fully Leased, High-Traffic Location
    Where is this individual retail property located?
    The property is located at 180 Lithia Way Ashland, OR.
    What is the asking price?
    The asking price for this property is $2,490,000.
    What are key features of this property?
    This property features: 10,088 SF Class B office/retail building, 100% leased, generating $124,702 NOI.; Nine commercial condos offer flexibility for future sales or lease adjustments.; $2,490,000 asking price ($246.83/SF), 5.01% cap rate.
    Request Owner's contact information
    180 Lithia Way Ashland, OR 97520
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    Ashland, OR 97520
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    180 Lithia Way Ashland, OR 97520
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