Windjammer Inn 4253 Highway 101 N 25 Room Hotel Gearhart, OR 97138 $2,000,000 ($80,000/Room) 3.99% Cap Rate

Executive Summary
A unique and versatile two-story property situated on 5.49 acres (two tax lots) with 217 feet of prime Highway 101 frontage in Gearhart, Oregon. The property is zoned C2 Commercial / Residential, allowing for flexible use.
The property operates as an extended-stay motel under the long-established Windjammer Inn Motel name. The motel has operated continuously at this location since 1988, when the current owner’s father relocated and fully reconstructed the building. The property also includes a 3,623 SF storage building, in use since 1988. The site provides 77 parking spaces (averaging approximately 3 spaces per unit).
Located approximately 1 mile from downtown Gearhart and ½ mile from Gearhart Golf Links and Gearhart Beach, one of the few Oregon beaches allowing vehicle access. The motel currently operates 25 units rented nightly, weekly, bi-weekly, or monthly. All units include kitchenettes, and the property offers on-site coin-operated laundry. Interiors feature a Mid-Century Modern design aesthetic.
A new Duro-Last waterproof roofing system was installed in November 2025 on the 8,000+ SF roof and includes a transferable 20-year warranty.
Sale includes all personal property, including appliances, televisions, furniture, tools, linens, motel supplies, and security system.
Buyers to perform their own due diligence.
Tax IDs: 61003BA00900 (Acct #7949) & 61003BA00800 (Acct #7943)
Personal Property Acct #35433
Investment Highlights:
Prime visibility with 217 feet of Highway 101 frontage
Located 2.5 miles from Seaside, OR, a year-round tourist destination
Surrounded by established businesses including U-Haul, Grandma’s Table, Gearhart Liquor, Sweet Relief Cannabis, Great Wall Chinese Restaurant, and Bud’s RV Park
New Duro-Last 20-year roof with transferable warranty(Nov 2025)
Unit Mix:
20 One-Bedroom Units – approx. 450 SF with kitchenettes
5 Two-Bedroom Units – approx. 650 SF with kitchenettes
Capital Improvements & Upgrades
Unit remodels and upgrades completed over the past 5 years
New hot water heaters (2023–2025) and new hot water pump (2024)
Septic system and drain fields updated (2016 & 2022)
Energy-efficient windows and doors installed (2018)
Electrical panel upgrades (2021 & 2022)
New full-size kitchen appliances in all units
LOMAX security camera system with live-view app
Operational Advantages
Extended Stay Operating License allows nightly, weekly, and monthly rentals
Ability to adjust seasonal pricing
No current tenant leases in place
2016 city limits on new vacation rentals create reduced competition
Additional Value
Approved Energy Trust of Oregon grant to upgrade exterior and interior lighting to LED and recycle fluorescent fixtures