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180 Lithia Way , #101

Ashland, OR 97520
  • $2,790,000
  • STATUS: Active
  • ON SITE: 20 Days
  • MLS #: 220183591
UPDATED: 106 min ago
$2,790,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,088
    SQFT
  • $277
    $/SQFT
Type:
Commercial
Built:
2004
County:
Area:

School Ratings & Info

Listing provided courtesy of John L. Scott Ashland :541-880-6755.

Description

Rare offering in heart of downtown Ashland. One of the few newer downtown office buildings w/ 9 commercial condos out of 14 condo units located on 1st and 2nd floor of the Jasmine building totaling 10,088 SF of gross building. 8 of the 9 units currently leased with 9th unit advertised for lease. Potential profit increase could be achieved by charging upstairs tenants for common areas, utilities and possible rent increases. Owner user option in ground floor unit while earning income on the remainder units. Well-funded HOA w/solid reserves for future maintenance or upgrades. Seller's portion of HOA Reserves of approx. $120k part of sale w/ Seller's portion of annual interest income for HOA reserves of approx. $5000. Very nice kitchen & restrooms in common area on 2nd floor, 3 street level units w/ private kitchen & restrooms inside units. High level quality construction w/ highly strategic location, high street & pedestrian traffic & within walking distance to downtown amenities.

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Central Oregon Association of Realtors logo © 2024 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than FORD REAL ESTATE are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of FORD REAL ESTATE. Data last updated: .2024-06-19T23:48:51.897
www.propertyofsouthernoregon.com/homes/151102346
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180 Lithia Way , #101 Ashland, OR 97520

  • Price: $2,790,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 106 min ago
  • MLS #: 220183591
0
Beds
0
Baths
0
½ Baths
N/A
Acres
10,088
SQFT
$277
$/SQFT
2004
Built
County:
Jackson
Area:
Ashland
Property Description
Rare offering in heart of downtown Ashland. One of the few newer downtown office buildings w/ 9 commercial condos out of 14 condo units located on 1st and 2nd floor of the Jasmine building totaling 10,088 SF of gross building. 8 of the 9 units currently leased with 9th unit advertised for lease. Potential profit increase could be achieved by charging upstairs tenants for common areas, utilities and possible rent increases. Owner user option in ground floor unit while earning income on the remainder units. Well-funded HOA w/solid reserves for future maintenance or upgrades. Seller's portion of HOA Reserves of approx. $120k part of sale w/ Seller's portion of annual interest income for HOA reserves of approx. $5000. Very nice kitchen & restrooms in common area on 2nd floor, 3 street level units w/ private kitchen & restrooms inside units. High level quality construction w/ highly strategic location, high street & pedestrian traffic & within walking distance to downtown amenities.
Exterior Features

Construction Materials Block Foundation Details Slab Levels Two Lot Features LandscapedLevel Parking Details Parking No Parking Features On Street Roof Membrane

Interior Features

Additional Features Bath Common AreaCommon AreaKitchenOffice SpaceSeparate Electric MetersSeparate Gas MetersSeparate Water Meters Cooling Central Air Flooring CarpetTile Heating Forced AirNatural Gas Security Features Fire Sprinkler SystemSmoke Detector(s)

Property Features

Additional Parcels YN Yes Business Type Education/SchoolFinancialFitnessFranchiseHobbyIncome/InvestmentMedicalProfessional ServiceProfessional/OfficeReal EstateResearch & Development CCAnd Rs YN Yes Cross Street 1st Street Existing Lease Type CPI Adjustment FIRPTAYN Yes Flood N/A Listing Terms CashConventional Miscellaneous Information Confidentiality No Yes New Construction YN No Owner Pays Common Area MaintenanceInsuranceSewerTaxes Power Production None Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 19034.34 Tax Year 2023 Tenant Pays ElectricityGasWater Zoning C-1-D

Listing information © 2024 MLS of Central Oregon
Listing provided courtesy of John L. Scott Ashland :541-880-6755.

Central Oregon Association of Realtors logo © 2024 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than FORD REAL ESTATE are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of FORD REAL ESTATE. Data last updated: .2024-06-19T23:48:51.897
 
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FORD REAL ESTATE
624 S. Riverside Ave
Medford OR, 97501
Listing provided courtesy of John L. Scott Ashland :541-880-6755.