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About Coast river business journal. (Astoria, OR) 2006-current | View Entire Issue (Aug. 17, 2022)
BUSINESS NEWS 14 • AUGUST 2022 COAST RIVER BUSINESS JOURNAL Seaview Mobil Station: New owner takes the reins By LUKE WHITTAKER Coast River Business Journal SEAVIEW — A former California resident is finding peace of mind in Pacific County as the new operator of a peninsula gas station. In June, Adam Nagi, 30, became the manager at the Seaview Mobil Station, 3909 Pacific Ave. Coast River Business Journal From Stockton to Seaview Originally from Yemen, Nagi, 30, moved to the peninsula from Stockton, California, after liv- ing in the Golden State for the previous 17 years. “We just bought Seaview Mobil about two months ago. We had been looking at it awhile before getting the deal done with (former owner) Mark (Whitman),” Nagi said. Nagi became aware of Long Beach after talking to his cousins, who own Joe’s Mobil gas station in Astoria. “They found this one (Seaview Mobil) was for sale and they needed someone to help run it, so I came over here,” Nagi said, adding that ... Life Happens y We’re Here! That’s Wh Our friendly and dedicated Physicians and Physician Assistants are available for all of your routine healthcare needs, not just for emergency situations! If you have an on the job injury, suffered injuries in a car accident, or you are suffering from a headache, toothache, earache, backache, any illness or injury, are in need of a refill of your prescription medications, or even a sports physical or DOT physical, our dedicated staff is here to assist you! WE ARE OPEN Monday-Friday 7am to 7pm Saturday-Sunday 9am to 7pm We are located in the Park Medical Building East on Exchange Street. We accept most insurances, offer a cash discount and also accept the Oregon Health Plan and Medicare. 503-325-0333 2120 Exchange St. Suite 111, Astoria www.urgentcarenwastoria.com Clatsop housing inventory improves a little in July LUKE WHITTAKER The Seaview Mobil gas station on Pacific Highway. they’re seeking to eventually expand and pur- chase more gas stations. “Hopefully in the future we can buy another one.” The gas station has existed since 1980. In 2020, under the former owner, the station had three new fuel tanks and pumps installed, capa- ble of holding roughly 19,000 gallons of fuel. Happy to be here Since relocating to the Long Beach Peninsula, Nagi is relishing the change in weather, pace and scenery. “I love the area — and it’s way better than California’s weather,” said Nagi, who relocated with his wife. “There’s more opportunity here than Califor- nia — and it’s quieter, calmer and a better view. I really like it. Business has also been great. Peo- ple here are nice and respectful.” Since taking ownership, the gas station has undergone some changes, including adding new inventory and rearranging the interior layout. “We just brought in more of the basic things — candy, charcoal, napkins, toilet paper — all the things that people need or want. We’re just adding a few things that were missing,” Nagi said. Nagi in looking forward to becoming more involved with the schools and local community. “We just want people to know that we’re the new owners and we want to make it better for the community — anything to help the commu- nity or local schools and sports,” he said. “We just want the community to know that we’re here for them.” LUKE WHITTAKER Adam Nagi is the manager at Seaview Mobil gas station. LUKE WHITTAKER Among the new inventory is Bimbo Mexican snacks. ASTORIA — Clatsop County residential real estate has remained hot this summer. It was still a strong seller’s market in July, even as available inventory ticked up to its highest level in two years and the number of pending sales dropped. The average home price countywide in July was $662,700, 19.2% more than in July 2021, according to data from RMLS, the Portland-based multiple listing service. Higher interest rates — about 5.5% for 30-year fixed-rate mortgage — contributed to an 18% slowdown in pending sales in July and an increase in the available inventory to 2.7 months, the biggest supply since June 2020 when the inventory had dropped to three months near the start of the pandemic. An inventory of four months or less sig- nals a strong seller’s market, while the bar- gaining position of buyers and sellers isn’t considered equal until there is a six-month supply. There were 83 pending sales — mutually agreed offers and acceptances — countywide this July, down 17.8% from a year earlier. Astoria had the greatest number of pending sales in July — 22, a 29% decrease com- pared to July 2021. Twenty sales closed in Astoria this July. Warrenton/Hammond was the county’s second-largest home market this July, with 17 closed and 15 pending sales, the latter being 36% more than a year earlier. West Gearhard was third most active hous- ing market in the county this July, with nine closed and 14 pending sales, about a 17% increase. Prices widely vary between the different communities, with Astoria having an aver- age July selling price of $497,600, about 23% more than the year before. Warrenton/ Hammond’s average was $538,800, about a 14% increase. The average in west Gearhart was $915,800, 26% more than the previous July. As usual, Cannon Beach/Tolevana Park recorded the highest average selling price for the month, $1,052,700 or 21.4% more than the prior July.
