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info@tbnrealty.com +1(503) 465-5077

$ 499,000

Est. payment | -/mo

44,866 SqFt

Save

$ 499,000

Est. payment | -/mo

Save

44,866 SqFt

Key Details

Property Type Vacant Land

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Square Footage 44,866 sqft

Price per Sqft $11

Subdivision Raymond Townsite

MLS Listing ID LC-104228

HOA Y/N No

Annual Tax Amount $3,995

Tax Year 2025

Lot Size 1.030 Acres

Acres 44866.8

Property Sub-Type Residential

Source Oregon Coast Multiple Listing Service

Property Description

Over 1 acre of vacant land comprised of 8 tax lots zoned RM (Residential Multi-Family), located in the 1600 block between NE 15th and NE 16th Streets, just east of NE Oar. Priced at 11 per square foot, this is a great opportunity for developers or investors looking to build multi-family housing. Preliminary concept drawings suggest the potential for an 18+ unit multi-family development with City approval. Possible ocean views from upper levels. Buyer to perform due diligence with the City of Lincoln City regarding allowable uses, zoning requirements, and potential density. Coordination with Public Works will be necessary for water and sewer service. Note: Septic easement on 7-11-10DA TL 8202 benefits 7-11-10DA TL 8703 until connection to sewer is completed.

Location

State OR

County Lincoln

Zoning R-M Residential, Multifamily

Direction Hwy 101 to NE 22nd St to NE Oar to NE 15th & 16 St.

Exterior

Fence None

Utilities Available Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Building

Lot Description Level, Sloped

Water Public

Others

Senior Community false

Tax ID 071110DA

Special Listing Condition Standard

Lincoln County MLS Oregon / OREGON COAST MLS

Listed by Taylor & Taylor Realty Company

Nearby Locations

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+1(503) 465-5077

info@tbnrealty.com

320 N Main Ave #213, Gresham, Oregon, 97030, USA

1500-1600 Blk NE Oar Avenue 8 lots Lincoln City, OR 97367

The Broker Network, LLC

Key Details

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Exterior

Building

Others

Nearby Locations

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1500-1600 Blk NE Oar Avenue 8 lots