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116 Lithia Way 2,640 SF 100% Leased Retail Building Ashland, OR 97520 $760,000 ($287.88/SF) 5.95% Cap Rate
Investment Highlights
- High-traffic location with excellent visibility.
- Established mix of professional and personal services,.
- within two blocks from Ashland’s downtown plaza!
Executive Summary
Versatile commercial building in the heart of downtown Ashland – surrounded by retail and restaurants, within one block of the Oregon Shakespeare Festival! Eight tenant suites with an established mix of professional and personal services, restaurant, and hair salon. Main level features a 55’ x 10’ breezeway to Will Dodge Way, three individual suites, and one common area bathroom. Upper level with five additional suites, full commercial kitchen, two additional shared bathrooms, and storage closets. High-traffic location with excellent visibility and ample public parking directly across Lithia Way. Recent appraisal of income and comparable sales with market value opinion available. Inquire with agents to access additional documentation and details!
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$77,640
|
$29.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$77,640
|
$29.41
|
| Taxes |
$8,218
|
$3.11
|
| Operating Expenses |
$30,289
|
$11.47
|
| Total Expenses |
$38,507
|
$14.59
|
| Net Operating Income |
$39,133
|
$14.82
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $77,640 |
| Annual Per SF | $29.41 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $77,640 |
| Annual Per SF | $29.41 |
| Taxes | |
|---|---|
| Annual | $8,218 |
| Annual Per SF | $3.11 |
| Operating Expenses | |
|---|---|
| Annual | $30,289 |
| Annual Per SF | $11.47 |
| Total Expenses | |
|---|---|
| Annual | $38,507 |
| Annual Per SF | $14.59 |
| Net Operating Income | |
|---|---|
| Annual | $39,133 |
| Annual Per SF | $14.82 |
Property Facts
Sale Type
Investment
Property Type
Building Size
2,640 SF
Building Class
C
Year Built
1979
Price
$760,000
Price Per SF
$287.88
Cap Rate
5.95%
NOI
$45,219
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.21
Lot Size
0.05 AC
Zoning
C-1 - C-1 zoning district is is designed to stabilize, improve, and protect areas providing commercial commodities and services.
Frontage
62’ on Lithia Way
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Ashland Massage Loft
- Services
- -
- -
- -
- Cafe 116
- Retailer
- -
- -
- -
- Westbrook Hair Design Llc
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Ashland Massage Loft | Services | - | - | - | ||
| Cafe 116 | Retailer | - | - | - | ||
| Westbrook Hair Design Llc | Services | - | - | - |
Walk Score®
Walker's Paradise (94)
Nearby Major Retailers
Property Taxes
| Parcel Number | 10065401 | Total Assessment | $513,880 |
| Land Assessment | $0 | Annual Taxes | $8,218 ($3.11/SF) |
| Improvements Assessment | $0 | Tax Year | 2026 |
Property Taxes
Parcel Number
10065401
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$513,880
Annual Taxes
$8,218 ($3.11/SF)
Tax Year
2026
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116 Lithia Way
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