340 A St, Ashland, OR 97520-1962

This iconic Ashland commercial property, situated on a full city block in the historic Railroad District, presents a unique investment opportunity. The 19,196 square foot building boasts nine commercial suites, a 36-space parking lot, and is situated on a 0.84-acre lot. Currently, eight suites are leased to a diverse mix of established businesses including a bakery, cafe, retail, and professional services, providing a stable income stream. Suite 1, totaling 23 private offices, six semi-private open office areas, two administrative workstations, reception, lobby, flex space, conference room, climate-controlled server room, Cat-5 wiring, and fiber optic internet, is available for immediate occupancy or lease in 2025 following a thorough renovation. The property features nine separate gas and electric meters and two water meters, offering efficient utility management. Significant development potential exists within the E-1 zoning with a residential overlay, allowing for the construction of up to 40,000 additional square feet of mixed-use commercial and residential space, potentially including underground parking. This property offers a blend of immediate income generation and substantial long-term growth potential in a thriving Ashland location. Detailed financial information, improvement records, maintenance logs, and floor plans are available upon request.