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
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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.