3447 Hwy 101st N Gearhart, OR 97138-4317
This exceptional commercial property, located at 3447 N Highway 101, Unit 3447 in Gearhart, Oregon, presents a unique investment opportunity. Boasting 2,558 square feet on a 1.05-acre lot, this building offers significant highway exposure in the desirable coastal town of Gearhart. The property features a welcoming lobby, a large open space with a fireplace and recessed lighting, and ample power and internet outlets throughout. Abundant natural light streams in through numerous windows. A separate office with its own entrance leads to a stunning wrap-around deck, perfect for relaxation or client meetings. The main floor also includes a convenient bathroom and kitchen, ideal for a break room or employee area. Upstairs, a second bathroom and four separate rooms provide versatile space for various uses. A spacious basement offers ample storage. The building is equipped with heating and air conditioning for year-round comfort. Exterior features include a private parking lot with over 20 spaces and a pleasant yard. This property is ready for immediate occupancy and offers endless possibilities for a variety of commercial ventures. The asking price is $894,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.