3003 Highway 101 N - Self-Storage Facilities FOR SALE


Gearhart, OR 97138
$2,999,999 USD
503-791-3499
3003 Highway 101 N, Gearhart, OR for Sale
$2,999,999 USD
Self-Storage Facilities - FOR SALE
1/71
null | 7.92% Cap Rate

3003 Highway 101 N
Gearhart, OR 97138


HIGHLIGHTS

  • Fully leased 25 climate controlled storage units, 2 retail spaces and 4 apartments

OVERVIEW

A unique and versatile property with prime frontage on Hwy 101 in Gearhart, Oregon. This property, zoned C2 for Commercial/Residential use, is meticulously maintained. It features two commercial lease spaces, four residential apartments, and 25 storage units, with potential for additional development. In total, there are SEVEN income-generating buildings. This property is an outstanding turnkey investment with a well-established track record, reliable leases, and minimal vacancies over the past thirty years.

FOR SALE DETAILS

PRICE

$2,999,999 USD

PRICE/SF

$155 USD /SF

CAP RATE

7.92%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

ADD'L SUBTYPES

Parking Lot, Contractor Storage Yard

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

C-2

APN/PARCEL ID

9667

ASK ABOUT THIS PROPERTY

Wendy HemsleyBerkshire Hathaway Northwest Real EstateMore Info
503-791-3499

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Wendy HemsleyBerkshire Hathaway Northwest Real EstateMore Info
503-791-3499

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.