REDEVELOPMENT OPPORTUNITY - LoopNet...It is also home to the Highlands Golf Course, a well-known nine-hole course and is located minutes from Astoria Golf & Country Club (Private Club)

REDEVELOPMENT OPPORTUNITY1002 Pacific Way | Gearhart, OR 97138

Information contained herein has been obtained from others and considered to be reliable; however, a prospective purchaser or lessee is expected to verify all information to his/her own satisfaction.

INVESTMENT REAL ESTATE SERVICES


For more information or a property tour, please contact:

LARRY [email protected]

900 SW 5th Avenue • 17th Floor Portland, OR 97204

503.223.3171 • norris-stevens.com


FOR SALE


PRICE REDUCED!$1,900,000 $1,200,000

RAYMOND [email protected]

THOMAS [email protected]

1580 N. Roosevelt DriveSeaside, OR 97138

503.739.7192 • popkinre.com










FOR SALE





INVESTMENT HIGHLIGHTS

ASKING PRICE $1,900,000 $1,200,000

ADDRESS 1002 Pacific WayGearhart, OR 97138

GROSS BUILDING AREA

± 31,666 SF

LAND AREA ± 367,646 SF per county± 8.44 AC.

PROPERTY TYPE 1-story school buildings

INCLUDING Main school with gymnasium, cafeteria4 modular buildingsCovered outdoor basketball courts

ZONING PSP Public and Semi PublicCity of Gearhart

THE OFFERING

Norris & Stevens, Inc. and Popkin Real Estate are pleased to offer for sale the well located Gearhart Elementary

School campus.

The Gearhart Elementary Campus is in a park like setting with open sports fields surrounding the one story buildings.

The City of Gearhart enjoys a neighborhood of quiet streets, locally owned shops and restaurants and classic older

beach homes that have been in the same families for generations.

Gearhart is home to Gearhart Golf Links, founded in 1892. It is the oldest golf course in the United States west of

the Mississippi River. It is also home to the Highlands Golf Course, a well-known nine-hole course and is located

minutes from Astoria Golf & Country Club (Private Club).

The Gearhart Campus is just one block west of the signalized intersection of Highway101 and Pacific Way which

serves as the unofficial entrance to Gearhart. The Campus is approximately 5 blocks from the rolling grass covered

sand dunes leading to the Pacific Ocean beach.

INVESTMENT HIGHLIGHTS

• Location – the school buildings are located on Pacific Way one block from Highway 101 approximately 3 miles north of Seaside, Oregon and approximately 14 miles south of Astoria, Oregon.

• Buildings – the main building has classic large classrooms with a large central hallway featuring natural sunlight through counter top to ceiling glass windows. The four outer buildings are staged around the main building for specialty classrooms.

• Amenities – the campus offers workout facilities with a full gymnasium plus covered basketball courts outside. There is a baseball field, soccer field, softball field and two bark chipped outdoor play areas.

• The main building has administrative office, centralized heating and full function cafeteria.












FOR SALE



AREA INFORMATION

GEARHART

Untitled map

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SUBJECT PROPERTY

GEARHART CAMPUS

2H 3

2M (1

31 M

iles)

2H 3

2M (1

31 M

iles)

OLYMPIA

GEARHART

LONGVIEW

PORTLAND

SALEM

1H 31M (67 Miles)1H 31M (67 Miles)

1H 34M (79 Miles)

1H 34M (79 Miles)

2H 15M (109 M

iles)

2H 15M (109 M

iles)

Gearhart, OR The north coast of Oregon has historically been the most visited region

of the Oregon coast. Gearhart is located 84 miles northwest of

Portland with Highway 101 running through the town. The Gearhart/

Seaside population is approximately 10,700 (2018) and with an

estimated 85 Hotels/Inns showing the strength of north coast’s main

economic driver, tourism. Gearhart’s first resort was built more than

100 years ago catering to many generations of visitors looking for a

beach getaway.

This four season town has many recreational activities ranging from

clam digging, kayaking, paragliding, golf to craft beer. The north coast

hosts tourists all year long with over one million visitors each year.












FOR SALE



AERIAL MAP

PACIFIC WAY

DOLLAR GENERAL

EL TRIO LOCO

GEARHART BOWL & FULTANOS PIZZA

US 101 MINI STORAGE

SAFEKEEPING STORAGE

GEARHART GOLF LINKS

TO SEASIDE TO ASTORIA± 8.44 ACRES












FOR SALE



PROPERTY DESCRIPTION

YEAR BUILT 1948 with renovations and additions in 1968,1985,1986, and 1990

BUILDING STRUCTURE Primarily wooden structure and several masonry walls over a concrete foundation

REST ROOMS 2 sets of mens & womens restrooms

1 office restroom

MOVE OUT Seaside School District will use the property through Summer of 2020.

HEATING Centralized heating with a boiler

ROOF Flat roofs

UTILITIES Served by the following: electric - Pacific Power, on-site septic system, water - City of Gearhart, gas - NW Natural












FOR SALE



PROPERTY AERIAL

Baseball/softball field, bark-chip Baseball/softball field, bark-chip playgroundplayground

Outdoor covered basketball courtOutdoor covered basketball court

Main school building with class-Main school building with class-rooms, cafeteria, officesrooms, cafeteria, offices

GymnasiumGymnasium

4 modular classroom buildings4 modular classroom buildings(8 total classrooms)(8 total classrooms)

Property outlineProperty outline












FOR SALEPROPERTY PHOTOS














FOR SALEPROPERTY PHOTOS



Documents

REDEVELOPMENT OPPORTUNITY - LoopNet...It is also home to the Highlands Golf Course, a well-known nine-hole course and is located minutes from Astoria Golf & Country Club (Private Club)