4253 Hwy 101 N, Gearhart, OR 97138

$2,000,000

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Property Description

A unique and versatile property with 217sf of prime frontage on Hwy 101 in Gearhart, OR. This property has excellent exposure characteristics and operates as a Motel. Located on 5.49 acres (2 tax lots) which includes a 3623sf storage building, 77 parking spaces and is approximately 1/2 mile from the beach. Thisproperty is zoned C2 for Commercial / Residential use. There are 25 units rented nightly, weekly, Bi-weekly or monthly. This is comprised of five 2 bedroom units and 20 one bedroom units all with kitchenettes, an on-site coin-op laundry all with a Mid-Century Modern flare decor. Possibilities are endless. Buyers are encouraged to conduct their own due diligence. TAX ID's 61003BA00900 & 61003BA00800

4253 Hwy 101 N | MLS# 24430835

This commercial property located at 4253 Hwy 101 N, Gearhart, OR 97138 is currently listed for sale with an asking price of $2,000,000. Search Gearhart real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Commercial -
Cooling: None
Fuel Type: Electricity
Heating: WallHeater
Lot Size: 5.49 Acres
Roof Type: Flat, Membrane
Stories: 2.0
Taxes: $16,310
Year Built: 1985
Square Feet: 15,939

Feature Descriptions

Business Name: The Windjammer Inn, LLC
Days on Site: 494
Gross Income: $300000.00 (Actual)
Inventory Included: 1
Miscellaneous Features: InsideStorage, Office, OutsideLighting, OutsideStorage, Sign, UtilitiesIncluded
Parking Notes: OnSite
Present Use: HotelMotel
Road Surface: Paved
Sewer: Sand Filtered, Septic Tank
Water: Public Water

Listed By / Shown By

Listed By

Agency Name: RE/MAX EQUITY GROUP
Agency Phone: 503-626-4600

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

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