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54 FOR SUPPLEMENTAL INFORMATION CALL 1-800-845-3524
123
PUBLISHED RESERVE: $335,000
LAST ASKING: $458,000
SIZE: 2,920± Square Feet Building on approximately 1/4 Acre Site
ZONING: C1 (Commercial)
PROPERTY INSPECTION DATES and TIMES:
Friday, April 19 10:00 a.m.to 1:00 p.m.
Saturday, May 4 10:00 a.m. to 1:00 p.m.
FINANCING: None – All Cash
DESCRIPTION: This one-level 2,920± square foot former
Sharky’s Restaurant is located on the ocean front in Rockaway
Beach, with approximately one hundred feet of beach frontage.
It is adjacent to a public parking lot for easy pedestrian access to seven miles of sandy beach, and has public
restrooms, retail space and private residences all located nearby. It is one block west of Highway 101, the main
Oregon coastal arterial thoroughfare. It offers an unobstructed ocean view on a primarily level 1/4 acre site, with
easy vehicle access and good public visibility. Portland is less than a two hour drive.
The property is currently vacant. Anew owner planning to substantially renovate, or demolish and re-build a new
structure, is required to raise the building’s foundation to twenty feet above sea level. The zoning, C1, allows a wide
range of commercial, single residential and multi-family uses, including a three-story mixed-use development.
The property is adjacent to the City of Rockaway Beach Ocean’s Edge Wayside Project, scheduled for majority
completion June 1, 2013, with full completion by Rockaway Beach July Fourth celebrations. The Wayside will be
a tourist destination point, gathering place, center for local events, and area for vehicle parking. The project is the
result of a $339,000 grant to improve downtown Rockaway Beach.
A new owner of the former Sharky’s Restaurant site will have opportunity to develop a mixed-use development
with ocean front, live/work units to take advantage of the revitalization of downtown Rockaway Beach as a
result of the city’s Wayside Project.
LOCATION: 210 South 1st Street
SEALED BIDS DUE NO LATER THAN 5:00 P.M., WEDNESDAY, MAY 15, 2013
Oceanfront Redevelopment Property, across from City of Rockaway Beach
Ocean’s Edge Wayside Project
Rockaway Beach, Oregon
Crescent Lake
Lake Lytle
Highway 101
Rockaway Beach
S. 1st St.
Ocean’s Edge
Wayside Project
N
Please Note: Sketch plan is conceptual only. Neither the
Seller nor its agents have submitted plan or made any
applications to a public agency.
Auction Property