$499,000

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

Price per sqft$11.12

Lot size1.03 Acres

Property typeLand

Listing Courtesy of Taylor & Taylor Realty Co., Dennis Regen. 541-994-9111

Overview

Active

Listed Jun 29, 2025

Updated Jul 24

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.

Additional information

MLS^® ID: 576406118

Exterior Features

Lot Size: 1.03 Acres

Other Property Details

Taxes: $3,996
Tax Frequency: Annually
View: Yes

Listing Courtesy of Taylor & Taylor Realty Co., Dennis Regen. 541-994-9111

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This content last updated on 7/24/2026, 2:31 PM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available