OCEAN VIEW HOTEL/CONDO SITE Long Beach Peninsula, Washington for SALE WHERE the COLUMBIA RIVER MEETS the PACIFIC OCEAN

OCEAN VIEW HOTEL/CONDO SITE Long Beach Peninsula, Washington FOR SALE WHERE THE COLUMBIA RIVER MEETS THE PACIFIC OCEAN

Discovery Heights Presents The Overlook

DEVELOPMENT LAND OPPORTUNITY

DETAILS • Size: ±15 Acres • Asking Price: $3,500,000

FEATURES

• Magnificent ocean view hotel/condo property Photo: Long Beach Peninsula Visitors Bureau • Exceptional R-3 resort mixed-use/residential zoning • 140+ unit possibility, hotel and condo options, or 10-15 mega home sites • Utilities available • Site features unparalleled access to beaches, ocean and river fishing, hiking, biking and historical sites

Photo: Ian Sane/flickr

06.11.2019

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TOM MCDOWELL RAYMOND DUCHEK 503.225.8473 503.225.8492 [email protected] [email protected] 12503INVEST SEMENT Mill REAL Plain ES TABoulevardTE SERVICE •S Suite 260 Information contained herein has been obtained from others and considered Vancouver, WA 98684 INVESTMENT REAL ESTATE SERVICES to be reliable; however, a prospective purchaser or lessee is expected to verify all information to his/her own satisfaction. 503.223.3171 • norris-stevens.com

INVESTMENT REAL ESTATE SERVICES OCEAN VIEW HOTEL/CONDO SITE Long Beach Peninsula, Washington FOR SALE OVERVIEW

THE OVERLOOK

“The Overlook” is the largest, privately owned property on the Southwest Wash- ington Coast at the base of the Long Beach Peninsula—otherwise known as the “World’s Longest Beach.”

It has very generous sloping topography providing for superior views of the Pacific Ocean to the west and the Columbia River toward the southeast.

Depicted in yellow, the famous Lewis & Clark “Discovery Trail” borders the southern property boundary which leads from the Port of Ilwaco through Discov- ery Heights and onto the ocean beach below. The paved trail extends over 8+ miles leading to the City of Long Beach to the north.

Photo: Damian Mulinix Yellow line shows the path of the Discovery Trail through the property.

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INVESTMENT REAL ESTATE SERVICES OCEAN VIEW HOTEL/CONDO SITE Long Beach Peninsula, Washington FOR SALE PROPERTY OVERVIEW

THE OVERLOOK One of six parcels being offered for sale at Discovery Heights—15 acres perfectly situated high above the Pacific Ocean with spectacular views of Beard’s Hollow to the west; Columbia River to the southeast and the Historic Town of Ilwaco, Washington.

LIST OF PARCELS* - DISCOVERY HEIGHTS Area Number Area Name Approx Acres Asking Price Range of Units Parcel 1 The Overlook ±15 $3,500,000 100 - 167** Parcel 2 Pipe Gate Ridge ±56 $2,000,000 40*** Parcel 3 Northridge ±47 $1,200,000 25 - 40*** Parcel 4 Meriwether Lewis ±56 $1,300,000 80 - 100 Parcel 5 William Clark ±41 $1,000,000 55 - 60 Parcel 6 Sacagawea ±25 $400,000 N/A Total ±240 $9,400,000 300 - 400

* Sellers will deliver parcels as shown above. Current parcels are different. **Parcel #1 is ideal for a hotel and/or a condo village or could be platted for 10 – 15 large, custom high-end homes. ***Parcel #2 is currently platted for 40 lots; parcel #3 platted for 25 lots—both approved by City of Ilwaco

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INVESTMENT REAL ESTATE SERVICES OCEAN VIEW HOTEL/CONDO SITE Long Beach Peninsula, Washington FOR SALE ADVANTAGES

STRONG SUPPLY – DEMAND CHARACTERISTICS The Ocean Overlook at Discovery Heights is poised to be de- veloped in a variety of ways given its flexible resort residential zoning. The property is located strategically with respect to the densely populated and growing cities of the Portland and Seattle Metro Areas. Diversity of the region surrounding Dis- covery Heights, the abundant natural amenities, quaint coastal towns and rich local history make the area attractive for home buying and vacation. The desire to enjoy the “coastal lifestyle” in the marketplace has never been stronger nor has the dream of owning a beach property or finding the ideal vacation product. Demand for beach homes and quality vacation accommodations on both the Washington and Oregon Coastlines has increased dra- matically over the last decade; however, the supply of quality commercial and privately-owned property options has been Photo: Long Beach Peninsula Visitors Bureau relatively flat and not in step with demand. LIMITED SUPPLY OF RESORT ACREAGE • Vast and growing I-5 Corridor population with approxi- • Magnificent property immediately adjacent to the Lewis & mately 8 million people living between the Seattle, Wash- Clark National Historic Park and Washington’s Cape Disap- ington Metro region and Eugene, Oregon to the south. pointment State Park with over a million visitors per year all passing by Discovery Heights ZONING/DESIGN CHARACTERISTICS • Existing amenities of Discovery Heights and the parks include 10+ miles of paved bicycle trails, two lighthouses • The R-3 Resort Residential zoning is very flexible: Ho- and 28 miles of drivable beach tels, condos, mixed use commercial and vast residential options. Minimum lot size for single family homes is 3,000 • There is virtually no property available on the Oregon or square feet Washington coast with the size (acreage) of Discovery Heights that can provide such magnificence, onsite utilities, • The project may be gated or ungated flexible zoning and approximately an 8 million population • Utilities are onsite (city water & sewer) base within a 4-hour driving radius—truly unique

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INVESTMENT REAL ESTATE SERVICES OCEAN VIEW HOTEL/CONDO SITE Long Beach Peninsula, Washington FOR SALE AMENITIES Walking/Biking ± 10 Minute ± 20 Minute Distance Drive Drive

1. Historic Fort Columbia 2. Historic Fort Clatsop, Lewis & Clark’s 1805-06 Winter Encampment 3. North Head Lighthouse 4. Cape Disappointment Lighthouse 5. 8.3 Mile Paved Discovery Trail - Plus several other paved and 8 unpaved trails within parks containing some of the best biking on the coast. 6. Willapa National Wildlife Refuge - 5,460 acres including 274 acres of ancient cedar grove 7. The Long Beach Peninsula - 28 miles of pristine, continuous beach (mostly drivable) 6 8. Willapa Bay - Second largest estuary on the Pacific Coast with 7 great oysters 9. Lewis & Clark Interpretive Center at Cape Disappointment 10. Waikiki Beach 11. Port of Ilwaco - Active commercial and recreation fishing port with 800 boats slips

WITHIN WALKING/BIKING DISTANCE • Boat ramps at Port of Ilwaco and Cape Disappointment State Park • Birding - 350 Species 1 • River fishing (Salmon & Sturgeon) • Ocean fishing (Salmon & Tuna) • Ilwaco Heritage Museum WITHIN ± 10 MINUTES DRIVE 5 2 • World renowned Kite Festival • Beach Horse Riding 11 WITHIN ± 20 MINUTES DRIVE 3 SITE • Tax free shopping in Oregon • Big box stores in Astoria/Warrenton: Costco, Walmart, Home Depot, Safeway and more • Columbia River Maritime Museum - Astoria 10 9 • Oregon Film Museum - Astoria 4 • Astoria River Walk and Trolley

Also: Outstanding art galleries, specialty shops and restaurants located in Ilwaco, Astoria and Warrenton

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INVESTMENT REAL ESTATE SERVICES OCEAN VIEW HOTEL/CONDO SITE Long Beach Peninsula, Washington FOR SALE POPULATION/DRIVE TIME

WASHINGTON 4 Hour Drive Population: 7.95 Million

170 MILES 3 HRS 8 MIN

Astoria 2 HRS110 15 MILESMIN

3 Hour Drive Population: 4.25 Million

OREGON

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INVESTMENT REAL ESTATE SERVICES OCEAN VIEW HOTEL/CONDO SITE Long Beach Peninsula, Washington FOR SALE CONCEPT DESIGNS

The engineering/architecture firm OTAK produced the following two layouts for hotel and/or condominiums at The Overlook The Overlook (OTAK is well-known for the design of the Skamania Lodge in the Columbia River Gorge).

CONCEPT #1: HOTEL & CONDO VILLAGE

• 45 Room Hotel • 122 Condominiums (12-14 unit buildings)

Photo: Long Beach Peninsula Visitors Bureau

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INVESTMENT REAL ESTATE SERVICES OCEAN VIEW HOTEL/CONDO SITE Long Beach Peninsula, Washington FOR SALE CONCEPT DESIGNS

CONCEPT #2: CONDO VILLAGE

• (6) 14-Plex Buildings (84 units) • (5) 12-Plex Buildings (60 units) • Total Units: 144

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INVESTMENT REAL ESTATE SERVICES