75 Lithia Way, Ashland, OR 97520 For Sale

Merit Commercial Real Estate is pleased to exclusively present 75 Lithia Way, a last-of-its-kind, main-and-main infill redevelopment site located in beautiful downtown Ashland, Oregon (the "Property").

Featuring 350' of frontage on two hard signalized corners, the Property enjoys a prominent position as on one of, if not the last ideal infill development sites within the core blocks of downtown Ashland. Visibility and site prominence is immense, with significant pedestrian and vehicle traffic (±14,000 VPD) on all sides. The Property also benefits from strong connectivity with four driveways located on three separate streets and is just minutes from Interstate-5 access.

A meaningful NFA letter was delivered to ownership in 2017, following the removal of USTs in late 2016; site is otherwise believed to be clean, and sits as a prime covered land play.

The Property is situated on a 0.28-acre lot. The improvements consist of a ±1,304 SF structural CMU building, metal-clad carport with lift, parking lot, lighting, and signage. The main building has two distinct areas: a two-bay, highly efficient enclosed shop accessed internally and via two stunning 10' full view glass overhead doors, and consists of ±850 SF across the open shop and rear storage room.

The second area of the building contains a ±450 SF reception desk, customer waiting area, and two restrooms. The Property also includes a large metal carport on a permanent slab foundation housing a third vehicle lift.

The current occupant, Ashland Auto Repair, is an iconic local automotive repair shop in Ashland, and is an extremely well-known destination for the locals. This offering solely includes the real estate and does not include the active, operating business.

Prospective buyers should note the following: Ownership currently owns both the real estate and operating business. This offering is only for the real estate, with FF&E negotiable. The Property is currently not subject to an existing lease.

Ownership is amenable to negotiating a sale-leaseback beginning at Closing, and is ideally seeking a 2+ year term. Additional guidance is available upon request.

Seller-owned FF&E includes most items currently at the Property except for technician-owned toolboxes, etc.

Buyer is responsible for any and all due diligence. Contact the listing brokers today for additional information.