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.
Listing Provided Courtesy of Dennis Regen, Taylor & Taylor Realty Co.
General Information
576406118
MultiFamily
23
DOM
1.03 acres
RM
Lincoln
R309952
Oceanlake
Taft 3/10
Taft 3/10
Land
MultiFamily
PROPERTY ID R309952 RAYMOND TOWNSITE, BLOCK 14, LOT 3,PTN OF, DOC200319113
Listing Provided Courtesy of Dennis Regen, Taylor & Taylor Realty Co.
Krishna Realty data last checked: Jul 22, 2025 22:43 | Listing last modified Jun 30, 2025 10:52,
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Residence Information
No
Features and Utilities
Financial
3934.29
0
Cash,Conventional
06-29-2025
No
No
Comparable Information
23
23
Cash,Conventional
$499,000
$499,000
Jun 30, 2025 10:52
Schools
public Elementary : OceanlakeN/ARatingspublic Middle : Taft
3/10Ratingspublic High : Taft
3/10Ratings
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.
