3003 Hwy 101, Gearhart, OR 97138 | MLS #24546061 | Berkshire Hathaway HomeServices Northwest Real Estate
Patti Gage

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Listing provided courtesy of Berkshire Hathaway HomeServices Northwest Real Estate- MLS# 24546061MLS Provider

3003 Hwy 101Gearhart, OR 97138

Commercial · 19,332 Sq. ft. | 0.85 Acres
$2,999,999 Pending

3003 Hwy 101 Overview

Time on Site:
851 days
Visits:
61

An unique and versatile property with prime frontage on Hwy 101 in Gearhart, OR. This property, zoned C2 for commerical/residential use, is meticulousloy maintained. It features 2 commerical lease spaces, four residential apartments, and 25 storage units, with potential for additinal develoment. In total, there are seven income-generating buildings. This propert is an outstanding turnkey investment with a well established track record, reliable leases, and minimal vacancies over the past thirt years.

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3003 Hwy 101 Facts & Features

  • Type Commercial
  • Sq. ft. 19,332
  • Price/Sq.ft. $155
  • Lot 0.85 Acres

Details

General

Income/Expenses

  • Gross Income: 225324.0
  • Operating Expense: 12971.0

Building Information

  • Year Built: 1925

Business Information

  • Current Use: Office,Other,Retail

Location/Region

  • Country: US
  • County Or Parish: Clatsop
  • MLS Area Major: 183 - Clatsop Co: Gearhart East

Tax Information

  • Tax Annual Amount: 13578.49
  • Tax Year: 2023

General Information

  • Inclusions: Building,Land
  • Listing Terms: Seller Will Subordinate
  • Parcel Number: Not Found
  • Property Sub Type: Other
  • Property Type: Commercial Sale
  • Zoning: c2

Interior

Building Interior

  • Building Area Total: 19332.0

General Information

  • Heating: Forced Air

Exterior

Lot Information

  • Lot Size Acres: 0.85
  • Lot Size Dimensions: County Assessor
  • Lot Size Square Feet: 37026.0
  • Road Surface Type: Dirt
  • Water Source: Public Water

Building Exterior/Construction

  • Construction Materials: Wood Composite,Wood Siding
  • Roof: Composition

General Information

  • Sewer: Public Sewer,Septic Tank

3003 Hwy 101 Neighborhood

Community

97138 (Seaside) Demographics

47
Median Age
84
Population Density (per sq. mile)
34%
College Educated
$47,575
Estimated Median Income
2,454
Estimated Total Home Owners
2,246
Estimated Total Renters
52% / 48%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

3003 Hwy 101 Monthly Cost

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Greg Bowyer
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

3003 Hwy 101 Market Data

Based on the last 30 days in this zip code

$805,621
Average List Price
$394
Average Price per Square Foot
21
Properties Sold
100
Average Days on Market
218
Properties for Sale
Calculations provided by Reliance Network

3003 Hwy 101 History

Date Event Value Agent
6/19/2025Source: Regional MLS Status Change
Pending
6/5/2025Source: Regional MLS Price Reduction
$2,999,999 -4.8%
4/25/2025Source: Regional MLS Price Reduction
$3,150,000 -12.5%
3/1/2024Source: Regional MLS Added to Database
March 01, 2024