449 Russell St, Ashland, OR 97520

Merit Commercial Real Estate, as exclusive representation, is pleased to present 449 & 459 Russell Street. The sites present a compelling opportunity to control one or both of some of the last infill development sites within the Railroad District in Ashland, Oregon (the "Sites").

The Sites are currently two adjacent parcels, available individually or together. 449 Russell Street, a 0.40-acre corner parcel, is prime for a mixed-use or multifamily development. 459 Russell Street, directly to the East, is a slightly larger 0.46-acre parcel, also prepared for a mixed-use or residential development.

Both parcels are nearly shovel-ready, with utilities stubbed to the site, access roads paved, and conceptual building plans included. With level topography and easy utility connections, the Sites offer a compelling project in an exceptional location. The Sites are zoned E-1 (commercial) with a residential overlay, allowing immense flexibility for possible uses.

The Sites lend themselves well to a mixed-use product (first-floor retail/office, second-floor residential), but there could be a possibility of a pure multifamily product - buyer to complete all due diligence. Other uses could be a variety of commercial uses, including retail, office, light manufacturing, and particularly owner-user applications. Nestled in the scenic Rogue Valley, Ashland, Oregon, is a vibrant cultural and economic hub.

Home to the renowned Oregon Shakespeare Festival and a thriving arts scene, Ashland attracts a highly educated and affluent population. With top-tier educational institutions and a growing tech sector, the city offers prime opportunities for upscale retail, dining, and innovative business ventures. Ashland's commitment to sustainability and exceptional quality of life makes it a premier destination for discerning investors.

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