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    4000 40Th St Lincoln City, OR 97367

    Sponsored
    For Sale
    $1,439,000

    Prime 3.89-acre R-C zoned lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.89-acre commercial property, located in the desirable Northwest Lincoln City area, presents a unique investment opportunity. Priced at $1,439,000 ($8.55 per square foot), this expansive lot (169,448.4 square feet) boasts stunning ocean views and is zoned RC - Recreational Commercial, offering a wide array of potential uses. The city of Lincoln City has verified the suitability of this land for various developments, including apartments, condominiums, hotels, motels, timeshares, and senior retirement centers. Its prime location offers excellent visibility and accessibility, situated just two blocks from the beach, shopping, and Highway 101. The property enjoys adjacency to the Chinook Winds Casino Hotel & Resort, ensuring high traffic and visibility. All utilities are conveniently located at the street. The seller is open to considering seller financing, making this an attractive proposition for a variety of buyers. Submit your offer today to secure this exceptional piece of Lincoln City real estate. This is a rare opportunity to acquire a large, versatile property in a thriving coastal Oregon location.

    Property Features for 4000 40Th St

    General Information

    Property type
    Specialty properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln City
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.007401
    Latitude
    44.994962

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    FAQs

    What type of property is this?
    Specialty property - Prime 3.89-acre R-C zoned lot.
    Where is this specialty property located?
    The property is located at 4000 40Th St Lincoln City, OR.
    What is the asking price?
    The asking price for this property is $1,439,000.
    Request Owner's contact information
    4000 40Th St Lincoln City, OR 97367
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    Lincoln City, OR 97367
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4000 40Th St Lincoln City, OR 97367
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