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2280 Ashland Street, Ashland, OR 97520

$12,000,000
Property Type: Commercial Sale Square Footage: 63,311 Lot Size (sq. ft.): 389,862 Status: Pending
Current Price: $12,000,000 List Date: 9/28/2023 Last Modified: 11/08/2024

Description

RARE OPPORTUNITY TO OWN A STABILIZED RETAIL CENTER WITH UPSIDE IN ASHLAND, OREGON The Offering provides the investor with the opportunity to acquire the 100% leased Grizzly Peak Shopping Center: an 8.95 acre site with 63,311 sqft of leasable space as well as two (2) ground lease pads; upside in the form of excess land available for development, and the only available drive through permit in the community. The Grizzly Peak Shopping Center enjoys a hard corner location at the prime intersection within a dense and integral retail trade corridor; and has approximately 765 lineal feet of road frontage on the arterial. The arterial (Ashland Street / OR Hwy 66) provides proximity to the downtown core (@ 2 miles), Southern Oregon University (@ 1 mile) and the I-5 Interchange (@ ¼ mile) Inherent conditions within the community of Ashland have long prohibited any change in the Urban Growth Boundary. Physical terrain and historic development patterns have concentrated rooftops nearest

Supplements: ********

More Information MLS# 220171876

Location, Tax, and Legal

Cross Street: Tolman Creek Road Section: Not Applicable Parcel Number: 10748479 Lot Size Acres: 8.95 Lot Size Square Feet: 389862 Additional Parcels YN: Yes Additional Parcels Description: 10080949 10080922 10703756 10702534

Currently Not Used

List Price per SqFt: 189.54

General Property Information

Building Area Total: 63311 Building Area Source: Other Building Area Units: Square Feet # of Units Total: 6 New Construction YN: No Zoning: C-1 Tax Annual Amount: 33110.66 Tax Year: 2022 CC&R's YN: Yes FIRPTA YN: No Sign On Property YN: No Year Built: 1979

Remarks and Miscellaneous

Public Remarks: RARE OPPORTUNITY TO OWN A STABILIZED RETAIL CENTER WITH UPSIDE IN ASHLAND, OREGON The Offering provides the investor with the opportunity to acquire the 100% leased Grizzly Peak Shopping Center: an 8.95 acre site with 63,311 sqft of leasable space as well as two (2) ground lease pads; upside in the form of excess land available for development, and the only available drive through permit in the community. The Grizzly Peak Shopping Center enjoys a hard corner location at the prime intersection within a dense and integral retail trade corridor; and has approximately 765 lineal feet of road frontage on the arterial. The arterial (Ashland Street / OR Hwy 66) provides proximity to the downtown core (@ 2 miles), Southern Oregon University (@ 1 mile) and the I-5 Interchange (@ ¼ mile) Inherent conditions within the community of Ashland have long prohibited any change in the Urban Growth Boundary. Physical terrain and historic development patterns have concentrated rooftops nearest Directions: Corner of Tolman Creek Road and Ashland Street

Business Type (AKA Sub Type)

Shopping Center: 1

Common Walls

1 Common Wall: 1

Cooling

Other: 1

Construction Materials

Block: 1

Miscellaneous Information

Land Lease: 1

Flooring

Concrete: 1 Other: 1

Listing Terms

Cash: 1

Foundation Details

Slab: 1

Heating

Forced Air: 1

Levels

One: 1

Roof

Membrane: 1

Security Features

Fire Sprinkler System: 1

Existing Lease Type

NNN: 1

Business Details

Business Included?: No

Parking Features

Asphalt: 1

Power Production

None: 1

Sewer

Public Sewer: 1

Water Source

Public: 1

Parking Details

Parking: Yes # of Parking Spaces: 200

Special Listing Conditions

Standard: 1

Location Tax and Legal

Street Number: 2280 Street Name: Ashland Street Suffix: Street County: Jackson State: OR Postal Code: 97520

Contract Information

Original List Price: 12000000 Current Price: $12,000,000 Status: Pending List Price: $12,000,000 Listing Contract Date: 2023-09-28

Status Change Information

Under Contract Date: 2024-02-20 Status Change Timestamp: 2024-02-20

Property Features

Common Walls: 1 Common Wall Construction Materials: Block Cooling: Other Flooring: Concrete; Other Foundation Details: Slab Heating: Forced Air Levels: One Roof: Membrane Security Features: Fire Sprinkler System Existing Lease Type: NNN Business Type (AKA Sub Type): Shopping Center Miscellaneous Information: Land Lease Parking Features: Asphalt Power Production: None Sewer: Public Sewer Water Source: Public Listing Terms: Cash Special Listing Conditions: Standard
Listing Office: VI Commercial Real Estate LLC
Last Updated: November - 08 - 2024
Information deemed reliable but not guaranteed.