# 165 Water Street, Ashland, OR 97520 > **TL;DR:** commercial, $4,000,000. > View. Est. $21,393/mo. Listed 159 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $4,000,000 | | Lot Size | 51,401 sqft (1.18 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 159 | ## Why This Home Stands Out - **Views** - City, Territorial ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $20,226 | | Estimated Insurance | $1,167 | | **Total** | **$21,393** | ## Nearby Schools - **Elementary:** Check with District - **Middle:** Ashland Middle - **High:** Ashland High ## Key Amenities - View ## Property Highlights - 1.18 acre lot ## Description ### Agent 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. ## Location - **Address:** 165 Water Street, Ashland, OR 97520 - **County:** Jackson - **Coordinates:** 42.200881, -122.714386 - **Google Maps:** https://www.google.com/maps?q=42.200881,-122.714386 ## Listing Agent - **Name:** Patricia Millen - **Brokerage:** Millen Property Group - **Broker Phone:** (541) 301-3435 ## Photos ![165 Water Street - Photo 1](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f297656859r.jpg) ![165 Water Street - Photo 2](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f2969423279r.jpg) ![165 Water Street - Photo 3](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f3662194476r.jpg) ![165 Water Street - Photo 4](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f1202327968r.jpg) ![165 Water Street - Photo 5](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f2487452405r.jpg) ![165 Water Street - Photo 6](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f2713518759r.jpg) ![165 Water Street - Photo 7](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f3734075792r.jpg) ![165 Water Street - Photo 8](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f1125061310r.jpg) ![165 Water Street - Photo 9](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f1411942788r.jpg) ![165 Water Street - Photo 10](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f3955928892r.jpg) ![165 Water Street - Photo 11](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f37687622r.jpg) ![165 Water Street - Photo 12](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f3631255400r.jpg) ![165 Water Street - Photo 13](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f1412571936r.jpg) ![165 Water Street - Photo 14](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f1623571698r.jpg) ![165 Water Street - Photo 15](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f2932589385r.jpg) ![165 Water Street - Photo 16](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f3567600009r.jpg) ![165 Water Street - Photo 17](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f432475626r.jpg) ![165 Water Street - Photo 18](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f910887100r.jpg) ![165 Water Street - Photo 19](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f4078373940r.jpg) ![165 Water Street - Photo 20](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f294053557r.jpg) ![165 Water Street - Photo 21](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f1917368745r.jpg) ![165 Water Street - Photo 22](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f8526950r.jpg) ![165 Water Street - Photo 23](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f948541263r.jpg) ![165 Water Street - Photo 24](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f1204592848r.jpg) ![165 Water Street - Photo 25](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f1486514402r.jpg) ![165 Water Street - Photo 26](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f2256149083r.jpg) ![165 Water Street - Photo 27](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f3468134632r.jpg) ![165 Water Street - Photo 28](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f114062491r.jpg) ![165 Water Street - Photo 29](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f2184556867r.jpg) ![165 Water Street - Photo 30](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f1052952400r.jpg) ![165 Water Street - Photo 31](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f732885773r.jpg) ![165 Water Street - Photo 32](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f2450599283r.jpg) ![165 Water Street - Photo 33](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f3202155338r.jpg) ![165 Water Street - Photo 34](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f1981298222r.jpg) ![165 Water Street - Photo 35](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f2548200627r.jpg) ![165 Water Street - Photo 36](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f967420016r.jpg) ![165 Water Street - Photo 37](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f3100934781r.jpg) ![165 Water Street - Photo 38](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f192383071r.jpg) ![165 Water Street - Photo 39](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f205000309r.jpg) ![165 Water Street - Photo 40](http://lh.rdcpix.com/0269337d3911b81223accc4518ae86ecl-f8014733r.jpg) --- **MLS#:** 220222181 | **Updated:** 2026-10-31 **Source:** listhub *Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/165-water-street-ashland-or-97520-09ec7f6503254f7ab3dcf3b8f54e3b66) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/165-water-street-ashland-or-97520-09ec7f6503254f7ab3dcf3b8f54e3b66#listing", "url": "https://staging.propertysimple.ai/listing/165-water-street-ashland-or-97520-09ec7f6503254f7ab3dcf3b8f54e3b66", "name": "165 Water Street, Ashland, OR 97520", "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. 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