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

Marcel Dolak

+1(425) 466-5870
$ 499,000
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1500-1600 Blk NE Oar Avenue 8 lots Lincoln City, OR 97367

1.03 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Subdivision Raymond Townsite

MLS Listing ID LC-104228

HOA Y/N No

Annual Tax Amount $3,995

Lot Size 1.030 Acres

Acres 1.03

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

Community Raymond Townsite

Zoning R-M Residential, Multifamily

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

Interior

Equipment None

Exterior

Fence None

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

Street Surface Paved

Road Frontage City Street

Building

Lot Description Level, Sloped

Sewer Public Sewer

Water Public

Others

Tax ID 071110DA

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Standard

Listed by Taylor & Taylor Realty Company

NEARBY SCHOOLS & PROPERTIES

Marcel Dolak

Marcel Dolak

Owner | Private Office Advisor | Global Real Estate Advisor | License ID: 28065

+1(425) 466-5870

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1500-1600 Blk NE Oar Avenue 8 lots