About This Home

This 0-bedroom, 0-bathroom commercial at 4253 Hwy 101 N in Gearhart, OR is listed for $2,000,000 ($125 per sqft). Built in 1985, the home offers 15,939 sqft of living space on a 5.49 acres lot.

Key Features

  • Built in 1985
  • 5.49 acre lot
  • 2 stories

Property Details

2 stories
1985
Listing 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

Monthly Cost Estimate

$10,696/mo

20% down · 6.5% · 30 years

Principal$1,446
Interest$8,667
Insurance$583

Estimates only. Actual payments may vary.

Location

4253 Hwy 101 N

Gearhart, OR 97138

Property Details

Construction

CrawlSpace ShakeSiding WoodFrame

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 4253 Hwy 101 N is listed at $2,000,000 ($125/sqft). The estimated monthly payment is $10,696 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1985, 5.49 acre lot, 2 stories.

This property is listed by Mona Kelly.

MK

Mona Kelly

Agent at RE/MAX equity group

Listed by RE/MAX equity group · Broker phone: (503) 670-3000 · Broker website

MLS# 24430835· Source: Regional Multiple Listing Services· 687 days on PropertySimple

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4253 Hwy 101 N, Gearhart, OR 97138

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