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1500-1600 Blk NE Oar Avenue 8 lots Lincoln City, OR 97367
44,866 SqFt
UPDATED:
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. Property is located within the "Opportunity Zone" Call City of Lincoln City Economic Development Dept. for additional information.
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
Listed by Taylor & Taylor Realty Company
Nearby Locations