165 Water Street, Ashland, OR 97520

$4,000,000
Property Type: Land Lot Size (sq. ft.): 51,401 Status: Active
Current Price: $4,000,000 List Date: 5/27/2026 Last Modified: 5/27/2026

Overview

Description

A landmark downtown Ashland land offering. Just one block from Ashland's Plaza, this rare 1.18-acre commercial development site represents one of the last opportunities of its scale & prominence in the downtown corridor. Located within the Employment Zoning District, the property offers exceptional potential for hotel, conference center, mixed-use, luxury residential, retail, offices, or destination development. Extensive prior approvals include architectural, engineering, landscaping, utility, and entitlement plans for an 8-building mixed-use project with ground-level commercial spaces and luxury residences above. Current approvals expire Summer 2026 and may be eligible for renewal. With virtually no remaining undeveloped commercial land of this size in downtown Ashland, this offering combines exceptional visibility, strong street presence, & outstanding walkability to the Plaza, acclaimed restaurants, theaters, galleries, and Lithia Park. Rare scale. Rare location. Rare opportunity.

Listing Details MLS# 220222181

General Property Information

Property Sub Type
Commercial
Elementary School
Check with District
Middle Or Junior School
Ashland Middle
High School
Ashland High
Zoning
E-1/C-1
Tax Annual Amount
7760.34
Tax Year
2025
Potential Tax Liability YN
No
Assessment YN
No
Irrigation Water Rights YN
No
CC&R's YN
No
Association YN
No
Senior Community YN
No
Horse Property YN
No
Manufactured Structure Allowed YN
No
Preferred Escrow Company & Officer
Mychal Pond, Ticor Title
FIRPTA YN
No
Sign On Property YN
Yes
Garage YN
No

Property Features

Current Use: Vacant Fencing: Perimeter Flood: Unknown Irrigation Distribution: None Irrigation Source: None Lot Features: Corner Lot; Level Railroad: Not Available Restrictions: Recorded Plat Road Surface Type: Paved Soil Type: Unknown View: Mountain(s); Neighborhood; Territorial Community Features: Gas Available; Park; Pickleball; Tennis Court(s) Power Production: None Sewer: Public Sewer Utilities: Cable Available; Electricity Available; Phone Available Utilities Location: At Street Water Source: Public Documents on File: Aerial Photos; Brochure; Call Listing Office; Legal Description; Plat Maps; Survey; Topography Map; Other Listing Terms: Cash; Conventional Special Listing Conditions: Standard

Location Tax and Legal

Street Number
165
Street Name
Water
Street Suffix
Street
County
Jackson
State
OR
Postal Code
97520
Subdivision Name
N/A

Contract Information

Original List Price
4000000
List Price per Acre
3389830.51
Listing Contract Date
2026-05-27

Remarks and Miscellaneous

Public Remarks
A landmark downtown Ashland land offering. Just one block from Ashland's Plaza, this rare 1.18-acre commercial development site represents one of the last opportunities of its scale & prominence in the downtown corridor. Located within the Employment Zoning District, the property offers exceptional potential for hotel, conference center, mixed-use, luxury residential, retail, offices, or destination development. Extensive prior approvals include architectural, engineering, landscaping, utility, and entitlement plans for an 8-building mixed-use project with ground-level commercial spaces and luxury residences above. Current approvals expire Summer 2026 and may be eligible for renewal. With virtually no remaining undeveloped commercial land of this size in downtown Ashland, this offering combines exceptional visibility, strong street presence, & outstanding walkability to the Plaza, acclaimed restaurants, theaters, galleries, and Lithia Park. Rare scale. Rare location. Rare opportunity.
Directions
Corner of Van Ness and Water St and also fronting Helman.

Status Change Information

Status Change Timestamp
2026-05-27

More Information

Listing Office: Millen Property Group
Last Updated: May - 27 - 2026
Broker Attribution: 541-301-3435

Information deemed reliable but not guaranteed.