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    4253 Highway 101 Gearhart, OR 97138

    Sponsored
    For Sale
    $2,600,000

    Beachfront Motel, 25 Units, 5.49 Acres

    Property size:
    15,939 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    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 Features for 4253 Highway 101

    General Information

    Property type
    Other commercial real estate
    Square Feet
    15,939 SF
    Lot Size
    239,144 SF

    Building Details

    Year Built
    1985
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Wholesale Shop Restaurant Dental Office Building Supply Hair Salon Spa & Massage Auto Repair Shop Law Firm Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gearhart
    County
    Clatsop
    State
    Oregon
    Longitude
    -123.9122
    Latitude
    46.03611

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Beachfront Motel, 25 Units, 5.49 Acres
    Where is this commercial real estate located?
    The property is located at 4253 Highway 101 Gearhart, OR.
    What is the asking price?
    The asking price for this property is $2,600,000.
    (503) 626-4600
    Request Owner's contact information
    4253 Highway 101 Gearhart, OR 97138
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    Gearhart, OR 97138
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4253 Highway 101 Gearhart, OR 97138
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