599 PACIFIC, Gearhart, OR 97138
Remodeled downtown space equipped with coolers, deli cases, ovens, and two half bathrooms for grocery, deli, retail, or office use.
- Added:
- Jun 13, 2026
- Days on Market:
- 13
- Last Refresh:
- Jun 22 at 2:39 am
Property Features for 599 PACIFIC
General Information
- Standard status
- Active
- Size
- 4,122 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing office WINDERMERE REALTY TRUST (503) 738-8522
Listing date Jun 13, 2026
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of WINDERMERE REALTY TRUST
HighLights
- Remodeled downtown Gearhart space built in 1950
- Equipped with coolers, deli cases, and ovens
- Includes two half bathrooms
- Former restaurant, bar, and deli use documented with 2022 photos
- Back of the building currently used for storage
- Suitable for grocery, deli, retail, or office use
Overview
Located in downtown Gearhart, the property is described as close to the beach, shopping, and schools. While those surrounding amenities support general walk-in and retail convenience, the building’s outfitted interior is what enables the space to be used right away for a variety of service-oriented businesses.
The existing kitchen and merchandising equipment make the layout particularly suitable for a grocery and deli operator, though the property also lends itself to alternative retail or office use given its remodeled condition and dedicated storage area. If you’re looking for a self-contained, ready-to-operate commercial space with food service infrastructure already in place, this is worth a closer look.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.8k | $26.40 |
| − Vacancy | −$16.5k | −$4.01 |
| EGI | $92.3k | $22.39 |
| − OpEx | −$23.1k | −$5.60 |
| NOI | $69.2k | $16.79 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Gearhart
- County
- Clatsop
- State
- Oregon
- Longitude
- -123.9206876
- Latitude
- 46.023914
