262 E Main St - Hospitality FOR SALE


Ashland, OR 97520
$4,900,000 USD
541-690-6736
262 E Main St, Ashland, OR for Sale
$4,900,000 USD
Hospitality - FOR SALE
1/14
null | 3.8% Cap Rate

262 E Main St
Ashland, OR 97520


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.

OVERVIEW

Cascadia Prime Commercial is pleased to present for sale a rare investment opportunity: the Enders Building at 262 E Main Street in Ashland, Oregon. Home to the historic Columbia Hotel, this approximately 23,000 SF trophy property also includes eight offices, one real estate office, five retail spaces, and an on-site parking lot. The property is fully leased with limited vacancies in the last ten years. There is upside potential for raising rents to market value as an investment opportunity. A new owner could also operate the historic 25-room Columbia Hotel, whose current lease runs through November 2022; however, the businesses in the building are not included in the sale price. Located on the second floor of 262 E Main Street, is a gem of history, the Columbia Hotel. The 25 room hotel is an unexpected urban retreat, welcoming guests to take a step back in time. Dedication has been taken to preserve the historic details and uniqueness of the building that stood through depression, war, boom and bust cycles of Southern Oregon and changing economics. Now The Columbia Hotel is ready for a new owner or operator to carry on the tradition of 111 years of operation, the longest of any continuously operating hotel in Oregon, or to reinvent this historic property while paying homage to its rich history. The Enders Building is listed on the National Register of Historic Places, and the hotel charms guests with its high ceilings, beautiful woodwork, thoughtful touches, and outstanding location in the heart of downtown Ashland. The first-floor commercial units feature desirable Main Street frontage, with exposure to more than 10,000 average daily vehicles and heavy tourist and local foot traffic. Selected as a Top 10 Finalist in Outside magazine’s search for the “Best Town in America,” Ashland is the crown jewel of Southern Oregon. Known as a culturally-rich destination for tourism, entertainment, entrepreneurship, and breathtaking outdoor experiences, this thriving town greets 450,000 annual visitors and is also home to Southern Oregon University’s nearly 6,000 students. The world-renowned Oregon Shakespeare Festival is held in Ashland along with around 150 wineries in the surrounding area. Don’t miss out on the opportunity to own the historic Enders Building and join the vibrant community of Ashland, Oregon. Be sure to check out the video and virtual tour in the media above. Please reach out for additional information.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$213 USD /SF

# OF ROOMS

25

PRICE/ROOM

$196,000 {currency}

CAP RATE

3.8%

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Enders Building

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1910

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

C-1-D

APN/PARCEL ID

10068554

ASK ABOUT THIS PROPERTY

Eric HerronCascadia Prime LLCMore Info
541-690-6736

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Eric HerronCascadia Prime LLCMore Info
541-690-6736

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.