1875 N Highway 99
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1875 N Highway 99
3,023 SF 100% Leased Office Building Ashland, OR 97520 $775,000 ($256/SF)
Executive Summary
This North Ashland commercial investment property boasts a prime location with excellent visibility, as it is situated along Highway 99, with 38,000 cars passing by daily on their way to the North I-5 entrance. The property is a one-story building with 13 tenants and a parking lot, currently at 98% occupancy. All tenants are on Modified Gross lease terms, with a mix of long and short-term leases. The property has been recently updated, including improvements to landscaping, plumbing, flooring, and HVAC, making it an attractive and low-maintenance investment opportunity. Don't miss out on the chance to own this profitable and well-located commercial property.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
3,023 SF
Building Class
C
Year Built
1987
Price
$775,000
Price Per SF
$256
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,023 SF
Building FAR
0.10
Land Acres
0.67 AC
Zoning
GC - General commercial space encompassing most commercial uses except industrial or manufacturing.
Parking
30 Spaces (9.92 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 10607230 | Total Assessment | $1,071,270 (2024) |
| Land Assessment | $246,650 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $824,620 (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
10607230
Land Assessment
$246,650 (2024)
Improvements Assessment
$824,620 (2024)
Total Assessment
$1,071,270 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022
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1875 N Highway 99
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