Log In/Sign Up
Your email has been sent.
3470 Highway 101 N 7,040 SF 100% Leased Retail Building Gearhart, OR 97138 $1,589,000 ($225.71/SF) 5.52% Cap Rate
Investment Highlights
- High visibility on Highway 101 North in Gearhart
- Long term tenants
- Well Maintained interior and exterior
Executive Summary
Exceptional Commercial Property in Gearhart Discover a prime investment opportunity with this well-established retail and commercial property, perfectly positioned along the highly traveled Highway 101 in central Gearhart. Offering unmatched visibility and steady traffic flow, this location ensures maximum exposure for any business venture. Thoughtfully updated, featuring fresh paint and modern flooring in the main tenant space—creating a bright, inviting atmosphere. Boasting long term tenants, its versatility is ideal for retail, office, or mixed-use purposes, making it a rare find in one of the Oregon Coast's most desirable communities. View this link for interior video and floor plan Cut and paste to your browser https://realsee.ai/5jLLWPRB
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
7,040 SF
Building Class
B
Year Built
2003
Price
$1,589,000
Price Per SF
$225.71
Cap Rate
5.52%
NOI
$87,786
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.68 AC
Zoning
C2 - Commercially zoned for business service establishments, retail, membership organizations and more
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Signage
- Wheelchair Accessible
- Storage Space
- Smoke Detector
Property Taxes
| Parcel Number | 52535 | Total Assessment | $845,895 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Number
52535
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$845,895
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2026
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
3470 Highway 101 N
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.