40 N Main Street, Ashland, OR 97520
$2,800,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
40,075
Status:
Closed
Current Price:
$2,800,000
List Date:
9/26/2016
Last Modified:
11/01/2024
Overview
Description
Listing Details MLS# 102959000
General Property Information
- Year Built
- 1940
- Zoning
- C-1-D
- Tax Annual Amount
- 28349.84
- Tax Year
- 2015
- Sign On Property YN
- No
Property Features
Basement:
Partial
Construction Materials:
Brick; Concrete
Cooling:
Central Air
Foundation Details:
Slab
Heating:
Forced Air; Natural Gas
Roof:
Rubber
Business Type (AKA Sub Type):
Retail
Flood:
N/A
Sewer:
Public Sewer
Water Source:
Public
Documents on File:
APOD
Listing Terms:
Cash; Conventional; Trade
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 40
- Street Dir Prefix
- N
- Street Name
- Main
- Street Suffix
- Street
- County
- Jackson
- State
- OR
- Postal Code
- 97520
Contract Information
- Original List Price
- 3250000
- Listing Contract Date
- 2015-08-24
Remarks and Miscellaneous
- Public Remarks
- Largest single property on the Ashland Plaza located in the Historic District near Lithia Park! Currently 12 tenant spaces enjoy a location that provides enormous foot traffic with nearby year round activities including the Shakespeare Theater, Varsity Theater, Ashland parades, Lithia Park activities, music events, as well as numerous restaurants, shopping and street activities. The property has the only private parking lot on the plaza allowing for easy customer access and it is also used for staging the many special outdoor Ashland events. There is potential upside in future rents and possible additional retail space with some work. Seller's have installed a 12 Camera Monitoring System for complete property surveillance with remote viewing.
- Directions
- North Main Street (Hwy 99) to location. Corner location across the street from Lithia Park.
Status Change Information
- Close Date
- 2016-12-14
- Under Contract Date
- 2016-09-26
- Status Change Timestamp
- 2016-12-14
- Close Price
- 2800000
More Information
Income and Expenses (Annual Amounts)
- Cap Rate %
- 4.7
- Cap Rate Basis
- Current
- Net Operating Income
- 142685
Listing Office:
Windermere Van Vleet & Assoc.
Last Updated: November - 01 - 2024
Information deemed reliable but not guaranteed.