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262 E Main St
Ashland, OR 97520

$4,900,000 USD

Hotel For Sale • 23,000 SF

Property Details

Property Type Hotel
Total Building Size 23,000 SF
Lot Size 0.38 AC
Building Class C
Year Built 1910
Cap Rate 3.80 %
Zoning C-1-D

0 Transit Score

93 Walk Score

                
                    Highlights
                
                                The Enders Building at 262 E Main Street is home to the historic Columbia Hotel, which has been in continuous operation since 1910.
                            
                                Comprising 8 offices, 1 real estate office, 5 retail spaces, and a hotel, this trophy property has been fully leased for the past decade.
                            
                                More than 450K tourists visit the area each year for the Oregon Shakespeare Festival, the 150+ area wineries, and the abundant outdoor recreation. 
                            
                                Operate the hotel lease through at least November 2022 or raise rents to market value for extra income. Businesses not included in sale.  
                            
                                Ashland, OR was a Top 10 Finalist for the “Best Town in America” and is home to nearly 6,000 students at Southern Oregon University.

Cap Rate:

3.80 %

Amenities

Business Center
On-Site Retail
High Speed Internet Access
Boutique/Lifestyle Hotel
Public Access Wifi
Smoke-Free

Public Transportation

Airport	Drive	Walk	Distance
Rogue Valley International - Medford	26 min	-	15.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	12
Type:	Surface
Included in Rent:	Yes

Eric Herron 541-690-6736 Cascadia Prime LLC

262 E Main St Ashland, OR 97520