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$2,690,000
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Property Description
This is a rare opportunity to secure a great investment in Gearhart, Oregon. This excellently maintained mixed-use commercial building offers four apartments, two commercial lease spaces, and 25 storage units, making it a unique and highly diversified investment property. This turn-key operation has enjoyed consistant occupancy and minimal vacancies over the last decade, according to the owner. The property even has the potential for further development by adding a second story for residential tenants. Customers and tenants enjoy the convenient location along Highway 101. Take advantage of this prime commercial property investment a n d grow your portfolio!
Full Property Details
Full Property Details for 3003 Hwy 101
General
- Sold For: $2,690,000
- Taxes: $13,501 (2025)
- Status: Sold
- Type: Business
- Source: RWMLS
- MLS ID: 443098084
- Added to Site: 126 day(s) ago
Additional Information
- Equipment: Smoke Detector
Parking
- Total Spaces: 25
- Parking Features: Off Street, On Site
Location
- County: Clatsop
- Driving Directions: highway 101 and Oyster Road
Community
- Community Name: 183 - Clatsop Co: Gearhart East
Heating & Cooling
- Heating Type: Mini Split, Wall Heater
- Heating Fuel: Electricity, Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
Structural Information
- # Buildings: 5
- Property Detached: Yes
- Construction: Cement Siding, Wood Composite, Wood Frame
- Roof: Composition
- Stories/Levels: 2
- Square Feet: 18,810
- Current Bldg. Use: Mini-Storage, Multi Family, Retail
- Year Built: 1925
- Property Condition: Updated/Remodeled
Lot Features
- Lot Size (Acres): 0.85
- Lot Size (Sq. Ft.): 37,026
- Lot Size: 20, 000 SqFt to .99 Acres
- Frontage: Gravel, Paved
Financial Considerations
- Lease Price: $19,414
- Operating Expenses: $25,000
- Tax Amount: $13,501.89
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Documents Avail.: Plot - Plat Map, Rent Records, Tax Information
- Property ID: 9667
Listed by Popkin Real Estate, LLC (503) 739-7192, Lawrence Bensel (503) 791-8363
Sold by Windermere Realty Trust (503) 738-8522, Jody Conser
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Schools
Schools serving 3003 Hwy 101
School District:Seaside School District 10
| Name | Grades | Distance |
|---|---|---|
Seaside High School 2600 Spruce Drive, Seaside, OR 97138 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3003 Hwy 101
Date
Details
Price
Change
Source
2/27/2026
Sold
$2,690,000
-10.33%
MLS
10/31/2025
Listed
$3,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3003 Highway 101, Gearhart, OR 97138 (MLS# 443098084) is a Business property that was sold at $2,690,000 on February 27, 2026. Want to learn more about 3003 Highway 101? Do you have questions about finding other Business real estate for sale in Gearhart? You can browse all Gearhart real estate or contact a Coldwell Banker agent to request more information.

