4253 Hwy 101st N, Gearhart, OR 97138-4334

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.