278 MARINE DR, Wheeler, OR 97147

Property Description

A rare opportunity to own one of the Oregon Coast's most iconic waterfront businesses: Wheeler Marina at 278 Marine Drive, established in 1940 and sitting right in the heart of historic Wheeler along US-101. This turnkey, income-producing marina offers 50 moorage slips, kayak/canoe/paddleboard and boat rentals, a tackle shop with bait, licenses, and gear, plus a remodeled 2-bed/1-bath residence ideal as owner's quarters or a short-term rental — all set where the Nehalem River meets the bay, with direct access to premier crabbing, Chinook salmon fishing, and miles of scenic waterway. Most importantly, this is a truly irreplaceable asset: current coastal and environmental regulations mean new marinas can no longer be permitted in this area, making Wheeler Marina's grandfathered status and permanent easements impossible to recreate. With an existing retail footprint and on-water operation, the property is primed for an owner-operator to expand both retail sales and moorage capacity, capturing more of the region's steady fishing, crabbing, and recreational boating demand. Established history, irreplaceable location, and dual expansion potential — offered at $1,490,000. All information is deemed reliable but not guaranteed.