Windjammer Inn | 4253 Highway 101 N
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Windjammer Inn 4253 Highway 101 N
25 Room Hotel Gearhart, OR 97138 $2,600,000 ($104,000/Room)
Investment Highlights
- Location! 217 sf of frontage along the east side of Hwy 101 which is a main coastal arterial. 1/2 mile to beach and 1 mile north of downtown Gearhart
- 77 parking spaces
Executive Summary
A unique and versatile property with 217sf of prime frontage on Hwy 101 in Gearhart, OR. This property has excellent exposure characteristics and operates as a Motel referred to as the Windjammer Inn which has been open since 1985. Located on 5.49 acres (2 tax lots) which includes a 3623sf storage building, 77 parking spaces and is approximately 1/2 mile from the beach and 1 mile north of the main downtown area of Gearhart. This property is zoned C2 for Commercial / Residential use. There are 25 units rented nightly, weekly, Bi-weekly or monthly. This is comprised of five 2 bedroom units and 20 one bedroom units all with kitchenettes, an on-site guest coin-op laundry all with a Mid-Century Modern flare decor. The buildings have a flat build-up wood frame roof structure in need of replacement. Possibilities are endless. Buyers are encouraged to conduct their own due diligence. TAX ID's 61003BA00900 & 61003BA00800. New owner is able to take over the business and clientele.
Financial Summary (Actual - 2024) 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
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) 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 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 25 | $139.00 | - |
PROPERTY TAXES
| Parcel Number | 61003BA00901 | Improvements Assessment | $0 (2023) |
| Land Assessment | $0 (2023) | Total Assessment | $346,266 (2023) |
PROPERTY TAXES
Parcel Number
61003BA00901
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$346,266 (2023)
zoning
| Zoning Code | C2 (The purpose of the C2 zone is to provide for a broad range of commercial uses & activities to serve the needs of the City & it's visitors.) |
| C2 (The purpose of the C2 zone is to provide for a broad range of commercial uses & activities to serve the needs of the City & it's visitors.) |
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Windjammer Inn | 4253 Highway 101 N
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