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3003 Hwy 101 Gearhart, OR $ 3,600,000
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$ 3,600,000 Get more info
3003 Hwy 101
$ 3,600,000
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Share Save

3003 Hwy 101

Gearhart, OR, 97138
$ 3,600,000
Baths0.0 Sq 19,332

Monthly Estimate*

$ 23,927

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Studio

Commercial Property for sale in Gearhart, OR

for $3,600,000. This 19,332 square foot building was built in 1925 on a lot size of 0.85.

An unique and versatile property with prime frontage on Hwy 101 in Gearhart, OR. This property, zoned C2 for commerical/residential use, is meticulousloy maintained. It features 2 commerical lease spaces, four residential apartments, and 25 storage units, with potential for additinal develoment. In total, there are seven income-generating buildings. This propert is an outstanding turnkey investment with a well established track record, reliable leases, and minimal vacancies over the past thirt years.

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Commercial Active

Price

$ 3,600,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 13,578

Style

Lot Size

0.85

Year Built

1925

Town/City

Gearhart

County/Region

Clatsop

MLS | Web ID

24546061
Features
General
Sewer PublicSewer SepticTank
Heating ForcedAir
Roof Composition
Zoning c2
Construction Materials WoodComposite WoodSiding
Year Built 1925
Sale Includes Building Land
Property SubType Other
Tax Year 2023
Current Use Office Other Retail
Gross Income 225324.0
County Clatsop
Operating Expense 12971.0
Property Type CommercialSale
Status Active
Directions HWY 101 cross street is G St. or Oster
City Gearhart
MLS Area _183
Lot Size Square Feet 37026.0
Street Name Hwy 101
Listing Terms SellerWillSubordinate
Tax Annual Amount 13578.49
Days on Market 86
Standard Status Active
Legal Description See Title Report
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Exterior
Water Source PublicWater
Building Area Total 19332.0
Lot Dimensions County Assessor
Lot Size Acres 0.85
Road Surface Type Dirt
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Internal Only
Street Number 1 3003
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* Excluded Features
List By
Berkshire Hathaway Homeservices Northwest Real Estate

Broker

whemsley@bhhsnw.com

Email

Affordability Calculator

$25,058
Per Month
95%
5%
0%
Monthly Principal & Interest
$23,927
Monthly Property Taxes
$1,132
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/1/2024$3,600,000 Listed Price

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3003 Hwy 101, Gearhart, OR, 97138 is a Commercial Property for sale at $3,600,000 with 19,332 sqft and a lot size of 0.85. 3003 Hwy 101 is a studio with 0.0 baths and was built in 1925. The property's zip code is 97138 which is in Gearhart, OR

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