165 Water Street, Ashland, OR 97520
N/A · Jackson County
Key Facts
Description
A landmark downtown Ashland land offering. Just one block from Ashland's Plaza, this rare 1.18-acre commercial development site represents one of the last opportunities of its scale & prominence in the downtown corridor. Located within the Employment Zoning District, the property offers exceptional potential for hotel, conference center, mixed-use, luxury residential, retail, offices, or destination development. Extensive prior approvals include architectural, engineering, landscaping, utility, and entitlement plans for an 8-building mixed-use project with ground-level commercial spaces and luxury residences above. Current approvals expire Summer 2026 and may be eligible for renewal. With virtually no remaining undeveloped commercial land of this size in downtown Ashland, this offering combines exceptional visibility, strong street presence, & outstanding walkability to the Plaza, acclaimed restaurants, theaters, galleries, and Lithia Park. Rare scale. Rare location. Rare opportunity.
Property Information
Property Type
Commercial Sale
Sub-Type
Unimproved Land
Lot Size
1.18 acres
MLS® Listing#
220222181
Property Features
Fencing
Lot Features
Community
Utilities
Sewer
Water Source
Schools
- Elementary:
- Check with District
- Middle:
- Ashland Middle
- High:
- Ashland High
Financial Details
HOA
None
Annual Taxes
$7,760
Tax year 2025
Parcel Number
10049860
Directions
Corner of Van Ness and Water St and also fronting Helman.
Affordability Calculator
$800,000
Estimated monthly payment
$21,290/mo
Principal $3,200,000 · Est. interest $4,464,285 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Ashland, OR
- $631,579
- Median Listing Price
- 77
- Median Days on Market
- 1,972
- Median Sq Ft
- $326
- Median Price / Sq Ft
- 186
- Active Listings
- This home’s price is 533% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Ashland, OR.
Location
Getting Around
Points of Interest in Ashland, OR
Showing the Ashland area map.
Nearby Schools
Bonney WLLS Sch of Shoe MKNG & DSGN
School · 0.4 mi away
Helman Elementary School
Elementary · 0.6 mi away
Ashland High School
Secondary · 1.0 mi away
Ashland Public Schools
School · 1.0 mi away
Children's World Montessori
Elementary · 1.1 mi away
Willow Wind Community Learning Ctr
School · 1.2 mi away
Ashland Middle School
Secondary · 1.5 mi away
Ashland Schools Foundation
School · 1.5 mi away
John Muir Elementary School
Elementary · 1.5 mi away
Trails Outdoor School
Elementary · 1.5 mi away
Walker Elementary School
Elementary · 1.6 mi away
Southern Oregon Head Start
Elementary · 1.6 mi away
The Siskiyou School
School · 2.3 mi away
Lithia Springs School
School · 2.7 mi away
Bellview Elementary School
Elementary · 2.8 mi away
Talent Elementary School
Elementary · 4.8 mi away
Talent Middle School
Secondary · 4.9 mi away
Armadillo Technical Institute
Secondary · 7.3 mi away
Discovery Corner School of Early Learning
Elementary · 7.3 mi away
Phoenix Elementary School
Elementary · 7.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1320 N Mountain Avenue, Ashland, OR | $2,800,000 | — | — | 7,404 |
| 2082 E Main Street, Ashland, OR | $2,900,000 | — | — | — |
| 420 Reiten Drive, Ashland, OR | $2,900,000 | 3 | 2 | 1,458 |
| 786 Pompadour Drive, Ashland, OR | $3,250,000 | 4 | 6 | 5,233 |
| 0 Hungry Ridge, Ashland, OR | $3,995,000 | 2 | 1 | 1,649 |
| 1440 E Nevada Street, Ashland, OR | $4,100,000 | 5 | 5 | 5,002 |
Moving Cost Estimate
EXIT Agents in Ashland
Listing Courtesy: Millen Property Group - 541-301-3435
Last Updated: 2026-05-27