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70 Water Street

Ashland, OR 97520
  • $4,950,000
  • STATUS: Active
  • ON SITE: 6 Days
  • MLS #: 220160697
New On Site 6 Days Ago
UPDATED: 90 min ago
$4,950,000
  • 0
    BEDS
  • 0.63
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,578
    SQFT
  • $753
    $/SQFT
Type:
Commercial
Built:
1920
County:
Area:

School Ratings & Info

Listing provided courtesy of Ashland Homes Real Estate Inc. :[IDXCONTACTINFORMATION].

Description

Ashland Creek Inn is one of Oregon's premier luxury Inns. Located on a .63 acre lot in the heart of Ashland Oregon's downtown, along side Ashland Creek. Built in 1880's, a 6-year remodel brought the hotel up to modern luxury with exquisite attention to detail. Sean Downey did all major work. 10 private suites with common areas and commercial kitchen. All of our suites are very large; most have full living rooms, all with bedrooms, baths, kitchens or kitchenettes, and private decks. They are all uniquely laid out and furnished. The rooms are filled with art and antiques from the region they represent. The Inn has an excellent reputation and very strong repeat business year after year. Average room rates exceed $400/night. Profits are in excess of $300k per year after adjustments. The valuation is based on an average of 2019 and 2022. Commercial zoning means that owner occupancy is not required. Additional options for building are possible. Buyer to do own due diligence.

Monthly Payment Calculator

Central Oregon Association of Realtors logo © 2023 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Bend Homes Now | Cascade Hasson Sotheby's International Realty are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Bend Homes Now | Cascade Hasson Sotheby's International Realty. Data last updated: .2023-03-22T23:49:49.457
www.bendhomesnow.com/homes/137779199
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70 Water Street Ashland, OR 97520

  • Price: $4,950,000
  • Status: Active
  • On Site: 6 Days
  • Updated: 90 min ago
  • MLS #: 220160697
0
Beds
0
Baths
0
½ Baths
0.63
Acres
6,578
SQFT
$753
$/SQFT
1920
Built
County:
Jackson
Area:
Ashland
Property Description
Ashland Creek Inn is one of Oregon's premier luxury Inns. Located on a .63 acre lot in the heart of Ashland Oregon's downtown, along side Ashland Creek. Built in 1880's, a 6-year remodel brought the hotel up to modern luxury with exquisite attention to detail. Sean Downey did all major work. 10 private suites with common areas and commercial kitchen. All of our suites are very large; most have full living rooms, all with bedrooms, baths, kitchens or kitchenettes, and private decks. They are all uniquely laid out and furnished. The rooms are filled with art and antiques from the region they represent. The Inn has an excellent reputation and very strong repeat business year after year. Average room rates exceed $400/night. Profits are in excess of $300k per year after adjustments. The valuation is based on an average of 2019 and 2022. Commercial zoning means that owner occupancy is not required. Additional options for building are possible. Buyer to do own due diligence.
Exterior Features

Construction Materials ConcreteFrame Exterior Features DeckPatio Foundation Details Concrete PerimeterSlab Levels Two Lot Features Drip SystemGardenLandscapedNative PlantsSprinkler Timer(S)Sprinklers In RearWater FeatureWooded Parking Details Numberof Parking Spaces 7 Parking Details Parking Yes Parking Features ConcreteOn StreetParking Lot Roof CompositionMembrane

Interior Features

Additional Features Common AreaKitchenOffice Space Basement None Cooling Central Air Flooring CarpetHardwoodTileVinyl Heating Forced AirNatural Gas Security Features Security System OwnedSmoke Detector(S)

Property Features

Additional Parcels YN No Business Type Hospitality CCAnd Rs YN No Cross Street Central Exclusions Peacock Chair in CopenhageLarge Etching in The Dining RoomFelt Artwork Above The Fireplace in Dining Room. Existing Lease Type NnnOral FIRPTAYN No Flood Plain Inclusions Everything Except Excluded Items Incomeand Expenses Annual Amounts Cap Rate Perc 8.00 Listing Terms CashConventionalOwner Will Carry New Construction YN No Power Production Public Utilities Sewer Public Sewer Special Assessments None Special Listing Conditions Standard Tax Annual Amount 20352.75 Tax Year 2022 Tenant Pays Common Area MaintenanceElectricityExterior MaintenanceGasInsuranceInterior MaintenanceJanitorial ServiceRepairsSewerTaxesWater View CityCreek/StreamNeighborhoodRiverTerritorial Zoning E-1

Listing information © 2023 MLS of Central Oregon
Listing provided courtesy of Ashland Homes Real Estate Inc. :[IDXCONTACTINFORMATION].

Central Oregon Association of Realtors logo © 2023 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Bend Homes Now | Cascade Hasson Sotheby's International Realty are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Bend Homes Now | Cascade Hasson Sotheby's International Realty. Data last updated: .2023-03-22T23:49:49.457
 
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Bend Homes Now | Cascade Hasson Sotheby's International Realty
650 SW Bond St , Suite 100
Bend OR, 97702
Listing provided courtesy of Ashland Homes Real Estate Inc. :[IDXCONTACTINFORMATION].