1500 NE Oar Ave Lincoln City, OR 97367
Property Features for 1500 NE Oar Ave
General Information
- Standard status
- Active
- Lot size
- 1.03 Acres
Source:
Corcoran
Listing Agent: Dennis Regen
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Vacant Land for Multi-Family Housing
This is over 1 acre of vacant land comprised of 8 tax lots zoned RM (Residential Multi-Family). It is located in the 1600 block between NE 15th and NE 16th Streets, just east of NE Oar. This property presents an 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. There are possible ocean views from upper levels. Coordination with Public Works will be necessary for water and sewer service. There is a septic easement on 7-11-10DA TL 8202 that benefits 7-11-10DA TL 8703 until connection to sewer is completed. Buyers are advised to perform due diligence with the City of Lincoln City regarding allowable uses, zoning requirements, and potential density.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Lincoln City
- County
- Lincoln
- State
- Oregon
- Longitude
- -124.008891
- Latitude
- 44.97594
Nearby Similar for Sale
FAQs
What type of property is this?
Land - Over 1 acre of vacant land zoned for multi-family.
Where is this land located?
The property is located at 1500 NE Oar Ave Lincoln City, OR.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: - Over 1 acre of vacant land zoned RM for residential multi-family development.; - Potential for 18+ unit multi-family development (subject to City approval).; - Priced at just $11 per square foot.