1206 SE 28Th St Lincoln City, OR 97814

Located within the Lincoln City Urban Growth Boundary and the Nelscott Urban Renewal Area, Pacific Highlands offers two adjacent parcels totaling roughly 44 acres. The area will have future funding available for infrastructure expansion and potential housing support. The Urban Renewal Agency will consider an equitable share of the transportation network provided on the property to area and community-wide systems with annexation. Pre-development costs can be considered in partnership with experienced developers. SDC fees may be deferred to Certificate of Occupancy for both market rate and Affordable multi-unit housing development. The site is attractive due to a consistent annual population growth of 1.31% and limited suitable building land. Pacific Highlands is off Highway 101, close to schools, and commercial and tourist areas, in the heart of Lincoln City. Lincoln City is deepening its economic base beyond tourism and becoming a popular retirement destination, located 30 minutes from Newport, 1 hour from Salem, and 2 hours from Portland. The site accommodates multifamily development density up to 10 units per acre. The city is ready and willing to partner with the right developer and will allow mixed-use, apartments, SFRs, or a combination thereof. There are no affordability restrictions. Undeveloped portions of the property may stay in forest deferral. Wetlands have been addressed and are not in the inundation zone. The higher portion of the property offers ocean views. Seller carry is available for experienced developers.