1500-1600 Blk Ne Oar Avenue 8 Lots, Lincoln City, OR 97367

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1500-1600 Blk Ne Oar Avenue 8 Lots,Lincoln City, OR 97367
$499,000
  • 1.03 Acres
  • Lots / Land
  • Active
Listed by: dennis m regen, korey hazard
Office: taylor & taylor realty company
MLS#:LC-104228
Source:OR_LCBR

Price summary

  • Price:$499,000

About this home

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.

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Home facts

  • Listing ID #:LC-104228
  • Added:56 day(s) ago
  • Updated:February 10, 2026 at 04:06 PM

Structure and exterior

  • Lot area:1.03 Acres

Finances and disclosures

  • Price:$499,000
  • Tax amount:$3,996 (2025)

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