Park Place Office Center | 90,000 SF Urban Redevelopment Opportunity

 Investment Highlights:

•  ±90,000 SF Urban Redevelopment Opportunity: Large condemned office building offering mixed-use, medical, residential, or educational repositioning paths.
• Distressed Acquisition Well Below Replacement Cost: Condemned status enables investors to acquire a significant urban asset at a deeply discounted basis.
• Residential Conversion Upside in Urban Core: Floor plate and location may support multifamily, workforce, senior, or student housing, subject to approvals.
• High-Visibility Central Avenue Corridor Address: Positioned on Central Ave (3,307 CPD) one block from downtown Ashland and adjacent medical users.
• Commercial Zoning on a 0.75-Acre Urban Infill Site: Rare large-block footprint in a dense urban setting with flexible commercial zoning for multiple uses.
• Tri-State Regional Hub with Strong Demographics: 56,358 residents within 5 miles, $60,087 median HHI, anchored by healthcare, education, and manufacturing.
• Lamar P. Fisher Fisher Auction Company Inc. License: 257072. Starting Bid $150,000.