A rare opportunity to lease a fully built-out, turnkey restaurant space in one of Ashland's most recognizable dining locations. Located on the top floor at 51 Water Street, directly along Ashland Creek in the heart of downtown, this space has operated as a full-service restaurant for nearly three decades and offers an established commercial kitchen, full bar, and one of the few dining rooms in town with direct creekside outdoor seating and gorgeous mountain views. With the closure of the long-running restaurant that occupied the space, the building available for lease in 2027 to a new food & beverage concept and equipment negotiation.

The interior of the space features a cozy gas fireplace in the main dining room with an occupancy of 70, a full bar, lovely views of Ashland Creek the surrounding Ashland mountains and beautifully landscaped grounds. An additional 1200 sf of heated outdoor dining offers an additional occupancy of 49 for a total capacity of 119.  A fully operational commercial kitchen sits under a 12' Class 1 hood, walk in cooler, dish pit, prep area, dry goods storage, plus additional storage space just off the kitchen.

Don't let the 3rd story worry you, this building has accessible walk up entry from Lithia way as well as elevator access from the public parking lot for those who prefer to drive. Staff and customers have additional, private parking available as well.  Located just a blocks away from several hotels with nearly 300 doors means there are plenty of diners looking to refuel after a day of hiking, biking, shopping exploring or getting a meal before enjoying a show at the Oregon Cabaret Theatre or perhaps the nationally renowned theatre organization, Oregon Shakespeare Festival.

Negotiate the FF&E and have a turn key restaurant or re-tool and create your own concept.  There are many options for this rare opportunity to lease for one of Ashland Oregon's most iconic dining locations.