Pier 39 & Land 2 Properties Offered at $7,328,580 CAD in Astoria, OR

* Generational Acquisition Opportunity – The combined offering includes the iconic Pier 39, a ±110,667 SF mixed-use waterfront complex with an in-place NOI of ±$425,405, and the adjacent ±2.06-acre development parcel at 4050 Abbey Lane. The offering is situated in a high-demand tourism and residential market with strong fundamentals and limited supply, and offers flexibility with the pier and land portions being available together or separately

* Irreplaceable Pier 39 – The pier structure itself was built to the highest standards with pilings anchored in three bedrock islands, granting enhanced stability and longevity to the project in comparison to many other pier sites that are sunk into mud or sand

* 4050 Abbey Lane Land Parcel – The adjacent ±2.06-acre parcel with S2A zoning (Flexible Commercial) allows for multi-family, hotel, retail, office, or mixed-use development. 4050 Abbey Ln is the only remaining undeveloped parcel in all of Astoria, OR, with flexible “Tourist Oriented Shorelands Zone” zoning. Utilities on site and level topography ideal for construction; Opportunity Zone and Enterprise Zone benefits apply

* Significant Income Growth at Pier 39 – At 42% current occupancy, the NOI is projected to increase over 400% (±$1,778,612) through the lease-up of unused space, rolling existing tenants to market rates, and redeveloping yet-to-be remodeled portions of the property.

* Building 10 at Pier 39 is a former warehouse with a concrete footprint of approximately 24,687 SF, presenting a versatile redevelopment opportunity, ideal for residential units, boutique lodging, or additional retail space

* Convenient, Easily Accessible Location – Direct access to U.S. Highway 30 (±11,674 CPD), that neighbors a Hampton Inn & Suites (87 rooms) as well as ±11,262 homes within 10 miles, providing consistent traffic to the destination location

* Proximate to Downtown Astoria – Approximately 7 minutes from the Astoria Downtown Historic District as well as 10 minutes from the Port of Astoria cruise terminal, Pier 1 that hosts a variety of cruise lines including Holland America, Norwegian, Royal Caribbean, and Raddison Seven Seas

* Strong Placer.ai Data – Over the last 2 years, Pier 39 has shown a ±15% increase in foot traffic according to Placer.ai data, indicating the popularity of the existing tenants as well as demand for more

* Increasing Tourism – Clatsop County, home to the city of Astoria, recorded a year-to-date hotel occupancy rate of ±63% in 2025, reflecting a 9.4% increase year-over-year and aligning with the national average