For Sale
$2,600,000

4253 Highway 101Gearhart, OR 97138

Beachfront Motel, 25 Units, 5.49 Acres

Overview

Added:
Feb 3
Days on market:
65
This exceptional investment opportunity presents a 25-unit motel situated on a substantial 5.49-acre parcel (two tax lots) with 217 feet of prime Highway 101 frontage in Gearhart, Oregon. The property boasts excellent visibility and accessibility, a significant advantage for attracting guests. The motel comprises five two-bedroom units and twenty one-bedroom units, each equipped with a kitchenette. An on-site coin-operated laundry adds convenience for guests. The property's mid-century modern aesthetic provides a unique and appealing atmosphere. In addition to the motel, the property includes a substantial 3,623-square-foot storage building and ample parking for 77 vehicles. Its location is approximately half a mile from the beach, offering guests easy access to the coastal attractions. Currently operating with nightly, weekly, bi-weekly, and monthly rentals, this property presents a strong income stream. The property's C2 zoning allows for commercial and residential uses, opening up a range of potential development options. The total building square footage is 15,939 square feet. Tax ID numbers are 61003BA00900 and 61003BA00800. Prospective buyers are advised to conduct their own due diligence.

Property Details for 4253 Highway 101

Property type
Square Feet
15,939 SF
Year Built
1985
Lot Size (sq. ft)
239,144 SF

Location Insight

City
Gearhart
County
Clatsop
State
Oregon
Latitude
46.03611
Longitude
-123.9122
4253 Highway 101, Gearhart, Oregon

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4253 Highway 101
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