PRICE REDUCED — Normal Neighborhood Gateway | ±9.71 Acres | 2082 & 2090 E Main St, Ashland OR Now offered at $2,900,000 — reduced from $3,500,000 and positioned at approximately 17% below the indicated as-is value of ~$3.5M, supported by a six-comparable land adjustment grid of UGB-adjacent and East Main corridor sales. Pricing is structured to clear the market and reflects the buyer's pre-entitlement position. This offering presents a rare opportunity to acquire ±9.71 acres of prime, plan-aligned land at the eastern gateway of Ashland's adopted 93-acre Normal Neighborhood District — the City's designated area for sustainable, walkable, mixed-use growth. The assemblage includes three contiguous parcels with excellent visibility and direct East Main frontage, located approximately one mile from Southern Oregon University and downtown Ashland. The property lies just outside city limits yet within the Urban Growth Boundary, contiguous with both existing city limits and nearby municipal services — creating a clear and well-established pathway for Type III annexation, subject to City process and approvals. A Plan-Conformant, De-Risked Entitlement Pathway Adopted by the Ashland City Council in 2015, the Normal Neighborhood Plan establishes the policy and design framework for this site. Use, density, and street network are plan-conformant by design — the entitlement question is master-plan-level coordination and Type III annexation, not whether development is permitted in principle. Indicative timing from acquisition to vertical construction: 18–30 months. Anticipated zoning under the Normal Neighborhood framework includes NN-1-5, NN-1-3.5, and NN-1-3.5-C, supporting a graduated mix of single-family, cottage, attached, and small-scale neighborhood commercial uses. Phased Infrastructure — Frontage-Scale, Not Full Corridor The Plan expressly contemplates phased completion of East Main Street improvements calibrated to development impact. A phase-one frontage development is responsible for proportionate frontage-scale improvements, not full corridor buildout. Importantly, the site does not abut the rail line — full Normal Avenue buildout and the rail-crossing upgrade are not phase-one obligations for this parcel. The City's Advance Financing District (AFD) mechanism is available to reimburse qualifying off-site sewer oversizing and qualifying frontage improvement segments, contingent on execution of a Development Agreement, materially improving the project's cash-on-cash position. Stackable Incentives May Be Available to Qualifying Buyers Beyond the AFD, qualifying buyers may have access to System Development Charge (SDC) offsets, Ashland's Affordable Housing Trust Fund, Oregon state grants for childcare and early-learning facility build-out, federal 45L energy-efficient new home credits, Investment Tax Credits on qualifying solar installation, and USDA Community Facilities financing. Eligibility, application, and award are subject to program-specific rules; several programs operate on competitive cycles with defined funding windows, and availability is the buyer's responsibility to verify and pursue at time of application. Defined Buyer Audience The site is well-suited to three identifiable buyer profiles, each with materially different underwriting frameworks: Regional multifamily and mixed-use developers delivering 50- to 150-unit projects in second-tier Pacific Northwest markets Mission-aligned partnerships pairing market-rate residential with community-serving programming such as affordable, workforce, or childcare/early-learning components Phased small-builder strategies entitling the full parcel and phasing vertical construction over a multi-year window, with intermediate lot sales as appropriate The NN density mix and Plan phasing structure accommodate all three. Illustrative Development Capacity Conceptual planning materials illustrate one representative program of approximately 88 dwelling units across single-family detached, cottage, attached, and mixed-use formats, plus ~7,000 SF of ground-floor neighborhood-scale commercial. This program is illustrative only — not the basis on which the asking price is set, and not represented as achievable on any specific timeline. Buyers should develop their own program and underwriting. Strategic Advantages Plan-Conformant: Use, density, and street network already established under the City's adopted 2015 Plan Phased Infrastructure: Frontage-scale obligations only — no rail-crossing or full-corridor buildout in phase one AFD Reimbursement: Defined pathway for qualifying sewer oversizing and frontage improvement segments Stackable Incentives: AFD, SDC offsets, state childcare grants, federal energy credits, and USDA programs may be available to qualifying buyers Strong Locational Fundamentals: Direct East Main frontage with arterial access to I-5; ~1 mile to SOU and downtown Ashland; ~15 miles to Rogue Valley International–Medford Airport Constrained Supply: One of the last remaining large, contiguous development parcels within Ashland's UGB Market Drivers Ashland's residential market combines limited new-construction inventory with steady absorption and strong locational fundamentals. Surrounding single-family home values within one mile of the site averaged more than $550,000 in 2025, with active comparable new-construction product (Kestrel Park) currently selling from the mid-$700,000s. The City's Comprehensive Plan emphasizes infill and mixed-use development within the UGB, presenting a limited-window opportunity for developers to secure plan-aligned land in a city-endorsed growth area. Proximity to Southern Oregon University, Ashland High School, and major regional employment centers reinforces both near-term development potential and long-term strategic value. Why Invest Now This is the gateway opportunity to anchor Ashland's next phase of smart, sustainable growth at the eastern edge of the City's planned 93-acre mixed-use district. With a plan-conformant entitlement pathway, phased frontage-scale infrastructure, AFD reimbursement availability, a stackable incentive structure, and pricing structured at a meaningful discount to comp-supported as-is value, Normal Neighborhood Gateway represents a clear and well-documented development platform within Ashland's Urban Growth Boundary. Interactive LandID Maps Map 1: [Site Boundary Overview] Map 2: [Normal Neighborhood Plan Context] Next Steps Download the Offering Memorandum | Submit a Letter of Intent (LOI) | Schedule a Private Site Tour with the Listing Brokers Listing Brokers Andrea Adams – John L. Scott Commercial (541) 324-2935 | andreaadams@johnlscott.com Chris Pfau – Coldwell Banker Professional Group (458) 220-8881 | chrisrealtorpro@gmail.com | www.chrisrealtorpro.com