COMMERCIAL FOR SALE

COMMERCIAL
FOR SALE
Gearhart Ocean Inn
67 N Cottage Ave, Gearhart, OR 97138
Oregon Coast | $1,525,000
5,600 total sq. ft. - 2 buildings
Cherished Gearheart Ocean Inn
Valerie Schumann
Obvious why this renowned boutique inn with its impeccable
& beautifully appointed 12 units has been featured in Travel
and Leisure Magazine and the NBC Today Show. Pride of
ownership throughout from the returning happy guests who
feel like family, to the lovely lower lawn area, to the majesty of
owners who have loved their time as caretakers of the asset.
Occupancy levels of 45% show room for growth. Call Valerie
Schumann to view (discretion appreciated) - please do not
disturb staff or guests.
Principal Broker
Office: 971.265.1070
Cell: 503.812.8423
406 Garibaldi Avenue (Hwy 101)
Garibaldi, OR 97118
Email: [email protected]
www.OregonCoastCommerical.com
Property Details:
Visit our new Garibaldi
Office on Hwy 101!
5,600 total sq. ft.; 19,600 sq. ft. lot
On-site parking
Lot dimensions: 100’ x200’
Meticulously manicured lower lawn area
Short walk to the shops, restaurants, historic
golf course and the Pacific Ocean
Property taxes per year: $2,964.55
12 attached cottages
Year Built: 1942, Remodeled: 2008/9
Rooms include kitchen or kitchette
© 2015 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC.
Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway
COMMERCIAL
FOR SALE
Guest Cottages
Gearhart Ocean Inn | Gearhart, OR
Valerie Schumann
Principal Broker
Office: 971.265.1070
Cell: 503.812.8423
406 Garibaldi Avenue (Hwy 101)
Garibaldi, OR 97118
Email: [email protected]
© 2015 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway
affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices
symbol are registered service marks of HomeServices of America, Inc. *Equal Housing Opportunity.
www.OregonCoastCommerical.com
COMMERCIAL
FOR SALE
Room Features
Gearhart Ocean Inn | Gearhart, OR
Room
Type
Beds
Pets
1
One Bedroom Suite
Full and Twin
Yes
2
Queen Studio
Queen
Yes
3
King Studio
King
Yes
4
King Studio
King
Yes
5
King Studio
King
Yes
6
King Studio
King
Yes
7
One Bedroom Suite
Full and Twin
Yes
8
One Bedroom Suite
Full and Twin
Yes
9
One Bedroom Suite
Full and Twin
Yes
10 One Bedroom Suite
Full and Twin
Yes
11
Two Bedroom Suite
Queen, 2 Twins
Yes
12
One Bedroom Suite
Full and Twin
Yes
All rooms include:
Kitchen with microwave, refrigerator, stove
Dining/cafe table & chairs
TV, DVD player & stereo
Bathrooms feature rain head shower and pedestal sink
Gas fireplace or gas Franklin stove
Pet Fee: $15 per dog/per night, 2 pets max per room
Free WiFi & a large complimentary selection of classic
& new release DVD’s
Valerie Schumann
Principal Broker
Office: 971.265.1070
Cell: 503.812.8423
406 Garibaldi Avenue (Hwy 101)
Garibaldi, OR 97118
Email: [email protected]
© 2015 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway
affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices
symbol are registered service marks of HomeServices of America, Inc. *Equal Housing Opportunity.
www.OregonCoastCommerical.com
COMMERCIAL
FOR SALE
Gearhart Ocean Inn
67 N Cottage Ave,
Gearhart, OR 97138
Valerie Schumann
Principal Broker
Office: 971.265.1070
Cell: 503.812.8423
406 Garibaldi Avenue (Hwy 101)
Garibaldi, OR 97118
Email: [email protected]
© 2015 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway
affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices
symbol are registered service marks of HomeServices of America, Inc. *Equal Housing Opportunity.
www.OregonCoastCommerical.com
COMMERCIAL
FOR SALE
Customer Reviews
Valerie Schumann
Principal Broker
Office: 971.265.1070
Cell: 503.812.8423
406 Garibaldi Avenue (Hwy 101)
Garibaldi, OR 97118
Email: [email protected]
© 2015 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway
affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices
symbol are registered service marks of HomeServices of America, Inc. *Equal Housing Opportunity.
www.OregonCoastCommerical.com
COMMERCIAL FOR SALE | Gearhart Ocean Inn
About the Area
Gearhart, OR:
Population: 1,488
Large influx of summer tourists
80 miles west of Portland
(1 hr. 36 min. drive)
2 mi. north of Seaside
14 mi. south of Astoria
11 mi. north of Cannon Beach
Local Attractions:
20 miles of beach
Horseback Riding
Beach Combing
Historic Ridge Path
Biking
Kite Flying
Surf Fishing
Clam Digging
Shopping
Dining
Gearhart enjoys small town values which can add to a lovely
vacation: safe, quiet streets, friendly neighbors, and locally owned
shops & restaurants. Most of the classic, old beach homes have
been in the same families for generations. The Gearhart Ocean Inn
is in the heart of town and within walking distance to everything
fun!
Valerie Schumann
Principal Broker
Office: 971.265.1070
Cell: 503.812.8423
406 Garibaldi Avenue (Hwy 101)
Garibaldi, OR 97118
Email: [email protected]
© 2015 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway
affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices
symbol are registered service marks of HomeServices of America, Inc. *Equal Housing Opportunity.
www.OregonCoastCommerical.com
COMMERCIAL FOR SALE | Gearhart Ocean Inn
About Gearhart, OR
Natural Beauty on the Oregon Coast
Early settlers were attracted to the Gearhart HotelRidge Path as the principle byway through the dune
meadows of the Phillip Gearhart land claim.
In 1848, Phillip Gearhart, eponymous father of
the city of Gearhart, set out from Independence,
Missouri with his family and arrived in Oregon City in
October of that year. He then rented a log cabin on
Clatsop Plains. In 1851, Gearhart bought a squatter’s
right in the south Plains for a thousand dollars, using
it to create a 640-acre donation land claim; the US
patent was granted in 1874. Gearhart increased his
holdings by 537 acres in 1859 through a purchase
from Obadiah C. Motley, and again in 1863 by 571
acres purchased from Jefferson J. Louk. The entire
parcel encompassed all of what is now called
Gearhart, as well as a portion of Seaside across the
estuary. Philip Gearhart built a home and farm for his
family near a grist mill by Mill Creek, in a sheltered
area north and east of the Necanicum estuary.
As the railroad between Astoria and Seaside, first
built in 1889, became a dependable means of
transportation to Seaside not only for Astorians,
but for Portlanders disembarking from the ferry
in Astoria, Gearhart began to draw attention as a
pleasant landscape for wandering and picnicking.
Artifacts of early transportation on the Gearhart
portion of the path (e.g., horseshoes, buggy steps,
spurs) can still be located occasionally with a metal
detector. A house moved, by boat, from Astoria or
Warrenton (according to owners’ family tradition)
and placed on the Ridge Path sometime in the 1880’s
still stands as evidence of the Path’s importance
for early pedestrian and vehicular transportation.
Situated between C and D Streets, with no property
access to either street, it was obviously built before
the streets of Gearhart Park had been planted-when
the “street” was the Ridge Path.
Many decades have passed since Gearhart was first
settled and visitors were brought by train to vacation
here. Residential growth out paced and exceeded
commercial growth. That is very common among
Oregon Coastal Cities. Founding fathers made sure
that growth did not disturb the natural beauty of
the beach dunes. Open spaces were formed to limit
growth in town. Changes have taken place; the train
no longer bring visitors to Gearhart. Some of the
many beach front homes have been passed down
from generation to generation, have been remodeled and sold to other private parties. However, one
thing had not changed, Gearhart remains a peaceful
and beautiful place to live and visit.
Visit Distictive Beach Lodgings website:
http://distinctivebeachlodgings.com/
Visit the City of Gearhart website:
http://ci.gearhart.or.us/
Valerie Schumann
Principal Broker
Office: 971.265.1070
Cell: 503.812.8423
406 Garibaldi Avenue (Hwy 101)
Garibaldi, OR 97118
Email: [email protected]
© 2015 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway
affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices
symbol are registered service marks of HomeServices of America, Inc. *Equal Housing Opportunity.
www.OregonCoastCommerical.com
COMMERCIAL FOR SALE | Gearhart Ocean Inn
Occupancy Stats
Month:
2013
2014
2015
January
*
16.04%
18.06%
February
*
30.06%
32.14%
March
*
43.01%
43.01%
April
*
28.61%
34.72%
May
*
59.14%
50.81%
June
*
38.61%
38.89%
July
*
84.10%
74.46%
August
93.13%
94.89%
--
September
56.11%
58.89%
--
October
38.71%
39.52%
--
November
23.06%
22.06%
--
December
29.03%
34.26%
--
Confidentiality & Disclaimer:
The information contained in this marketing brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Berkshire Hathaway HomeServices and should not be made
available to any other person or entity without the written consent of Berkshire Hathaway HomeServices. This marketing brochure has been prepared to provide summary, unverified information to prospective purchasers,
and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due-diligence investigation. Berkshire Hathaway HomeServices has not made
any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the
property and improvements, the presence or absence of contaminating substances, compliance with state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business
prospects of the subject property. The information contained in this brochure has been obtained from sources we believe to be reliable; however, Berkshire Hathaway HomeServices has not verified, and will not verify, any of
the information contained herein, nor has Berkshire Hathaway HomeServices conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness
of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
Valerie Schumann
Principal Broker
Office: 971.265.1070
Cell: 503.812.8423
406 Garibaldi Avenue (Hwy 101)
Garibaldi, OR 97118
Email: [email protected]
© 2015 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway
affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices
symbol are registered service marks of HomeServices of America, Inc. *Equal Housing Opportunity.
www.OregonCoastCommerical.com