Prime Downtown Ashland Investment Opportunity! This stunning mixed-use commercial building offers endless potential, with two separate storefronts, two residential units, and extensive updates throughout. Perfectly positioned across from the Delta Hotel, just two blocks from the Paramount Arts Center and the proposed Ashland Convention Center, this property sits in the heart of Ashland’s vibrant and growing downtown district. The first storefront is currently home to an upscale salon, featuring 8 stylist stations, a dedicated nail salon and pedi area, and a private aesthetician room. Above the salon, with its own private entrance, is a beautifully appointed 3,400 sq ft apartment offering 2 spacious bedrooms and panoramic views of downtown Ashland — ideal as an owner’s residence or luxury rental. The second storefront houses a flexible multi-use business space, complete with a large open main level, medical exam room, private office, mezzanine with two additional offices, and a spacious business area with multiple private workspaces. This side also includes a second apartment, providing additional rental income potential. The fully finished basement is currently utilized as a modern gym with open access from the main level, adding yet another functional dimension to this impressive property. Convenient alley parking adds to the accessibility and appeal. With extensive renovations and updates over the last decade, this property blends classic downtown character with modern functionality. Whether you’re an investor, business owner, or developer, this is a rare opportunity to own a landmark property in one of Ashland’s most desirable commercial locations — surrounded by restaurants, shopping, entertainment, and ongoing city growth.