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
Documents
Listing Office:
VI Commercial Real Estate LLC
Last Updated: November - 08 - 2024
Information deemed reliable but not guaranteed.
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