Discovery Heights Presents The Overlook · For more information or a property tour, please contact:...

OCEAN VIEW HOTEL/CONDO SITELong Beach Peninsula, Washington

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


06.11.2019

For more information or a property tour, please contact:

TOM [email protected]

RAYMOND [email protected]

12503 SE Mill Plain Boulevard • Suite 260Vancouver, WA 98684

503.223.3171 • norris-stevens.com


FOR SALE

DEVELOPMENT LAND OPPORTUNITY

DETAILS• Size: ±15 Acres

• Asking Price: $3,500,000

FEATURES• Magnificent ocean view hotel/condo property

• 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

Photo: Long Beach Peninsula Visitors Bureau

WHERE THE COLUMBIA RIVER MEETS THE PACIFIC OCEAN

Discovery Heights Presents The Overlook











FOR SALE

“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.

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

THE OVERLOOK

OVERVIEW











FOR SALE

LIST OF PARCELS* - DISCOVERY HEIGHTSArea Number Area Name Approx Acres Asking Price Range of UnitsParcel 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 - 100Parcel 5 William Clark ±41 $1,000,000 55 - 60Parcel 6 Sacagawea ±25 $400,000 N/ATotal ±240 $9,400,000 300 - 400

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.

* 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

PROPERTY OVERVIEW











FOR SALE

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 relatively flat and not in step with demand.

• Vast and growing I-5 Corridor population with approxi-mately 8 million people living between the Seattle, Wash-ington Metro region and Eugene, Oregon to the south.

ZONING/DESIGN CHARACTERISTICS

• The R-3 Resort Residential zoning is very flexible: Ho-tels, condos, mixed use commercial and vast residential options. Minimum lot size for single family homes is 3,000 square feet

• The project may be gated or ungated

• Utilities are onsite (city water & sewer)

LIMITED SUPPLY OF RESORT ACREAGE

• Magnificent property immediately adjacent to the Lewis & Clark National Historic Park and Washington’s Cape Disap-pointment State Park with over a million visitors per year all passing by Discovery Heights

• Existing amenities of Discovery Heights and the parks include 10+ miles of paved bicycle trails, two lighthouses and 28 miles of drivable beach

• There is virtually no property available on the Oregon or Washington coast with the size (acreage) of Discovery Heights that can provide such magnificence, onsite utilities, flexible zoning and approximately an 8 million population base within a 4-hour driving radius—truly unique


ADVANTAGES











FOR SALE

1

1. Historic Fort Columbia2. Historic Fort Clatsop, Lewis & Clark’s 1805-06 Winter Encampment3. North Head Lighthouse4. Cape Disappointment Lighthouse5. 8.3 Mile Paved Discovery Trail - Plus several other paved and 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 grove7. The Long Beach Peninsula - 28 miles of pristine, continuous beach (mostly drivable)8. Willapa Bay - Second largest estuary on the Pacific Coast with great oysters9. Lewis & Clark Interpretive Center at Cape Disappointment10. Waikiki Beach11. 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 • River fishing (Salmon & Sturgeon) • Ocean fishing (Salmon & Tuna) • Ilwaco Heritage MuseumWITHIN ± 10 MINUTES DRIVE • World renowned Kite Festival • Beach Horse RidingWITHIN ± 20 MINUTES DRIVE • Tax free shopping in Oregon • Big box stores in Astoria/Warrenton: Costco, Walmart, Home Depot, Safeway and more • Columbia River Maritime Museum - Astoria • Oregon Film Museum - Astoria • Astoria River Walk and Trolley

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

2

67

8

Walking/Biking Distance

± 10 Minute Drive

± 20 Minute Drive

4910

5

311

SITE

AMENITIES











FOR SALE

Astoria

OREGON

WASHINGTON

3 Hour Drive Population: 4.25 Million

4 Hour Drive Population: 7.95 Million

170 M

ILES

3 HRS

8 M

IN

110 MILES

2 HRS 15 MIN

POPULATION/DRIVE TIME











FOR SALE

The engineering/architecture firm OTAK produced the following two layouts for hotel and/or condominiums at 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)


The Overlook

CONCEPT DESIGNS











FOR SALE

CONCEPT #2: CONDO VILLAGE

• (6) 14-Plex Buildings (84 units)

• (5) 12-Plex Buildings (60 units)

• Total Units: 144

CONCEPT DESIGNS

Discovery Heights Presents The Overlook · For more information or a property tour, please contact:...

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