499 Chestnut St, Ashland, OR 97520-1546
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.
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Hersch Steven MD Physician
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Meducation PC Physician
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Mark S. Adams, DC Alternative Medicine Practice
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Adams Chiropractic Alternative Medicine Practice
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-2 · Ashland, ORAshland. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.