Property profile

2305 Ashland St Ashland, OR 97520

OFF-MARKET
Strip malls
Property ID
US71-0213012
8,760 SF 0.77 ac lot
Individually Owned 30-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Tolman Creek Plaza, located at 2305 Ashland St, Ashland, OR 97520, presents a unique opportunity for businesses seeking a prime retail location. This Class A, single-story building, totaling 8,760 square feet, underwent a complete renovation in 2023, boasting modern amenities and a fresh aesthetic. Currently, there are multiple tenancies available, with 2,668 square feet immediately available and additional space potentially available. The property sits on a 0.77-acre lot and offers ample parking for customers and employees. Built in 1991 and extensively remodeled in 2022-2023 to meet the standards of a national chain, the property features ADA-compliant restrooms and outdoor seating. The space includes a large walk-in cooler, ideal for restaurants or businesses requiring cold storage. The property is zoned for commercial use and is situated in a vibrant submarket encompassing office, restaurant, retail, and medical uses, ensuring high visibility and foot traffic. The cross street is Tolman Creek, providing excellent access and convenient location within Ashland, Oregon. This is an exceptional opportunity to establish or expand your business in a thriving community.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Total area 8,760 SF
Lot 0.77 ac (33,541 SF)
Zoning code C-1
APN 1-0807878
UPID US71-0213012

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Business Management Consultant Food Broker
  • Courier Service Postal Service
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store Corporate Office
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

2305 Ashland St Ashland, OR 97520-3777
Ashland metro Census 1801 MEDFORD, OR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.37M

Owner & transaction history

since 1995
2 recorded transactions
1995
$1.5M
1969
Price N/A

Zoning & alternative use

C-1 · Ashland, OR
Zoning description

Commercial (C-1) Physical and Environmental Constraints Overlay Commercial - Downtown (C-1-D) -Hillside Lands Employment (E-1) -Floodplain Corridor Lands -Severe Constraints Lands Industrial (M-1) -Water Resources -Wildf…

General category COMMERCIAL
Top alternative use upside
Restaurant $2.2M +6.7%
Medical building $2.1M +1.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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