About This Home

This 0-bedroom, 0-bathroom commercial at 278 MARINE Dr in Wheeler, OR is listed for $1,490,000 ($457 per sqft). Built in 1950, the home offers 3,260 sqft of living space on a 0.54 acres lot.

Key Features

  • Built in 1950
  • 0.54 acre lot
  • Waterfront

Property Details

1 story
1950

Amenities

WaterfrontView
Listing 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, an

d 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.

Monthly Cost Estimate

$7,969/mo

20% down · 6.5% · 30 years

Principal$1,078
Interest$6,457
Insurance$435

Estimates only. Actual payments may vary.

Location

278 MARINE Dr

Wheeler, OR 97147

Property Details

Construction

WoodSiding

Views

Territorial

Heating

Baseboard

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 278 MARINE Dr is listed at $1,490,000 ($457/sqft). The estimated monthly payment is $7,969 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1950, 0.54 acre lot, Waterfront.

This property is listed by Bradley King and can be reached at 5033138262.

BK

Bradley King

Agent at Keller Williams Realty Portland Premiere

(503) 313-8262
Agent website

Listed by Keller Williams Realty Portland Premiere · Broker phone: (503) 880-4905 · View on Broker Site · Broker website

MLS# 794901380· Source: Regional Multiple Listing Services· 29 days on PropertySimple

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

278 MARINE Dr, Wheeler, OR 97147

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