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Listed by Taylor & Taylor Realty Co. • 541-994-9111

$499,000

Est. payment - /mo

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1.03 Acres Lot

Active

1500 1600 Blk NE Oar Ave Lincoln City, OR 97367

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Raymond Townsite

MLS Listing ID 576406118

HOA Y/N No

Annual Tax Amount $3,995

Tax Year 2025

Lot Size 1.030 Acres

Property Sub-Type Multi Family

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

Area _200

Zoning RM

Exterior

Utilities Available CableAvailable, SeeRemarks

View Territorial

Garage No

Building

Lot Description Brush, Trees

Schools

Elementary Schools Oceanlake

Middle Schools Taft

High Schools Taft

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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