Development Opportunity on R1 Zoned Lot in Gearhart.This property presents a prime investment opportunity for builders and developers in a highly sought after Gearhart location. The offering includes an existing four bedroom, two bathroom home situated on an expansive lot zoned R1.The primary value of this property lies in its development potential. According to current zoning regulations, this lot may be eligible for the construction of up to six detached units. The property's location offers convenient access to Highway 101 and is just a short distance from the beach and local amenities, making it an attractive site for new construction. This is a rare opportunity to acquire a versatile property with significant upside. Buyers are advised to perform their own due diligence with the city of Gearhart regarding all zoning and development possibilities. Property will be sold as-is, seller to do no repairs.Contact us for more information.
| MLS # | 309914707 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1953 |
| Days On Site | 200 |
| Listing Provided By | Keller Williams Realty Portland Elite | Jeff Nielson |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,200 |
| Garage | 2 |
| Story(s) | 2 |
| Zoning | R1 |
| Acreage | 1.60 |
| Water Front | Yes |
| Heating | Baseboard |
|---|---|
| Heating Yn | Yes |
| Cooling Yn | No |
| Window Features | Double Pane Windows, Vinyl Frames |
| Appliances | Free Standing Gas Range, Free Standing Refrigerator, Stainless Steel Appliance |
| Roof | Composition |
|---|---|
| Foundation Details | Concrete Perimeter |
| Lot Features | Level |
| Attached Garage Yn | Yes |
|---|---|
| Parking Features | Driveway |
| Property | 3356 |
|---|
| State | OR |
|---|---|
| County | Clatsop |
| City | Gearhart |
| Zip Code | 97016 |
| School District | Seaside |
| Elementary School | Pacific Ridge |
| High School | Seaside |
| Listing VS Median (in 97016) | |
Price: $510,000 low | high Med: $449,000 sqft: 2,200 low | high Med: 1,848 $ / sqft: $232 low | high Med: $243 On site: 200 low | high Med: 26 | |
| State | OR |
|---|---|
| County | Clatsop |
| City | Gearhart |
| Zip Code | 97016 |
| School District | Seaside |
| Elementary School | Pacific Ridge |
| High School | Seaside |
| Listing VS Median (in 97016) | |
Price: $510,000 low | high Med: $449,000 sqft: 2,200 low | high Med: 1,848 $ / sqft: $232 low | high Med: $243 On site: 200 low | high Med: 26 | |