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3470 Highway 101 N
Gearhart, OR 97138
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- High visibility on Highway 101 North in Gearhart
- Long term tenants
- Well Maintained interior and exterior
EXECUTIVE SUMMARY
Exceptional Commercial Property in Gearhart Discover a prime investment opportunity with this well-established retail and commercial property, perfectly positioned along the highly traveled Highway 101 in central Gearhart. Offering unmatched visibility and steady traffic flow, this location ensures maximum exposure for any business venture. Thoughtfully updated, featuring fresh paint and modern flooring in the main tenant space—creating a bright, inviting atmosphere. Boasting long term tenants, its versatility is ideal for retail, office, or mixed-use purposes, making it a rare find in one of the Oregon Coast's most desirable communities. View this link for interior video and floor plan Cut and paste to your browser https://realsee.ai/5jLLWPRB
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
7,040 SF
Building Class
B
Year Built
2003
Price
$2,198,191 CAD
Price Per SF
$312.24 CAD
Cap Rate
5.52%
NOI
$121,441 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.67 AC
Zoning
C2 - Commercially zoned for business service establishments, retail, membership organizations and more
Frontage
139’ on Highway 101 North
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Signage
- Wheelchair Accessible
- Storage Space
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 52535 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,170,194 CAD |
PROPERTY TAXES
Parcel Number
52535
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,170,194 CAD
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
