Listing provided courtesy of VI Commercial Real Estate LLC - MLS# 220171876MLS Provider

2280 Ashland StreetAshland, OR 97520

Commercial · 63,311 Sq. ft. | 8.95 Acres

$12,000,000 Pending

Overview

Time on Site:
197 days
Visits:
2

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 (@ 1/4 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

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Facts & Features

  • Type Commercial
  • Sq. ft. 63,311
  • Price/Sq.ft. $189
  • Lot 8.95 Acres

General

Income/Expenses
  • Existing Lease Type: NNN
Building Information
  • New Construction: No
  • Year Built: 1979
Business Information
  • Business Type: Shopping Center
Location/Region
  • County Or Parish: Jackson
Tax Information
  • Tax Annual Amount: 33110.66
  • Tax Year: 2022
General Information
  • Parcel Number: 10748479
  • Property Type: F
  • Special Listing Conditions: Standard
  • Zoning: C-1

Interior

Building Interior
  • Building Area Source: Other
  • Building Area Total: 63311.00
  • Building Area Units: Square Feet
General Information
  • Common Walls: 1 Common Wall
  • Cooling: Other
  • Flooring: Concrete,Other
  • Foundation Details: Slab
  • Heating: Forced Air
  • Levels: One
  • Power Production: None
  • Security Features: Fire Sprinkler System

Exterior

Parking Information
  • Parking Features: Asphalt
Lot Information
  • Additional Parcels Description: 10080949100809221070375610702534
  • Additional Parcels: Yes
  • Lot Size Acres: 8.95
  • Lot Size Square Feet: 389862.00
  • Water Source: Public
Building Exterior/Construction
  • Construction Materials: Block
  • Roof: Membrane
General Information
  • Sewer: Public Sewer

Neighborhood

Community

97520 (Ashland) Demographics
47
Median Age
81
Population Density (per sq. mile)
65%
College Educated
$58,590
Estimated Median Income
7,005
Estimated Total Home Owners
4,712
Estimated Total Renters
60% / 40%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

Elementary Schools
4
Public
Bellview Elementary School
  • Grades: KG - 5
  • Enrollment: 318
5
Public
Helman Elementary School
  • Grades: KG - 5
  • Enrollment: 341
5
Public
John Muir Outdoor School
  • Grades: KG - 8
  • Enrollment: 126
4
Public
Walker Elementary School
  • Grades: KG - 5
  • Enrollment: 345
Middle Schools
4
Public
Ashland Middle School
  • Grades: 6 - 8 /
  • Enrollment: 523
5
Public
John Muir Outdoor School
  • Grades: KG - 8 /
  • Enrollment: 126
High Schools
5
Public
Ashland High School
  • Grades: 9 - 12 /
  • Enrollment: 993
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Monthly Cost

$
$ %
%
$
$
* Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

$724,671
Median Sales Price
$334
Median Price per Square Foot
103
Properties Sold
45
New on Market
104
Average Days on Market
160
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
2/20/2024Source: Oregon Datashare Status Change
Pending
9/28/2023Source: Oregon Datashare Added to Database
September 28, 2023