1500 1600 Blk NE Oar Ave , Lincoln City, OR 97367

  • $499,000

Overview

  • Land, MultiFamily
    Property Type
  • 576406118
    MLS#
  • 1.03 Acres
    Land Area
  • Taylor & Taylor Realty Co.
    Office Name
  • Dennis Regen
    Agent Name

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.

Details

Updated on June 2, 2026 at 5:48 pm
  • MLS# 576406118
  • Price $499,000
  • Land Area 1.03 Acres
  • Garage Size x x
  • Property Type Land, MultiFamily
  • Property Status Active
  • Office Name Taylor & Taylor Realty Co.
  • Agent Name Dennis Regen
  • Office Phone 541-994-9111

Additional details

  • Listing Terms Cash, Conventional
  • Utilities Cable Available, See Remarks
  • County Lincoln
  • Property Type Land
  • Elementary School Oceanlake
  • Middle School Taft
  • High School Taft

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