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1.03 Acres in Lincoln City, OR for under market value! - Right between the Pacific Ocean Front and Devils Lake – Perfect for development of Single-Family (zoned for both)– GREAT INVESTMENT AND DEVELOPMENT POTENTIAL - BUY IT TODAY AND EXPLORE OUR FLEXIBLE SELLER FINANCING OPTIONS!

Property Details

Buy the assignment to the contract to that property today and get a big $$ discount on our flexible seller financing options. We work with the buyer to find the perfect seller financing terms that work with the buyer’s budget. As bigger the down payment and as shorter the payment duration as smaller is the interest we charge. We do not require a credit check and banks don’t loan on vacant land. SO, that is an amazing opportunity to buy your new dream property!!!

Property Description

This 1.03 acres vacant land offers some big potential for developers and people who want to own their own home in a great area. This lot is unique while it is located between Devils Lake and the Pacific Ocean. Both destinations can be reached within a couple minutes. Power is on a pad mount transformer just east of the road easement centered on the 20 city road, run from a pole to the east on Surf Ave. It was sized for accommodating the development of this lot. Phone and cable pedestals are also in the same location, right next to the power transformer. They are run along with a 5/8″ water line which was run through a common utility ditch in the easement driveway when the neighboring south lot was developed, it is coiled up on this lot just east of the driveway. The water meter would be at the intersection of the driveway and Reef Ave.

The zoning is single-family,  it was upgraded to multi-family about 13 years ago as an overlay permission, (multi-family was added as an additional qualified use rather than an instead-of use).  It was the city solution to in-fill needs, allowing larger lot’s the ability to build higher density.

This is the city zone rules for an R,M lot:

A. Attached single-unit dwellings;

B. Attached single-unit dwellings developments;

C. Community or market gardens not larger than 12,500 square feet, subject to the provisions of LCMC 17.80.080;

D. Cottage housing developments, subject to the provisions of LCMC 17.80.120;

E. Duplexes;

F. Multi-unit dwellings;

G. Residential facilities;

H. Residential homes;

I. Structures used temporarily on the site and only during construction of a permitted or conditional use for which a building permit has been issued, but not exceeding six months;

J. Tiny house developments, subject to the provisions of LCMC 17.80.040(C);

K. Transportation uses. (Ord. 2020-10 § 1)

Lincoln City is perfectly located in the central Oregon coast because it’s sandwiched between the Pacific Ocean to the west and the Coast Range and Devils Lake to the east. Lincoln City has a very mild maritime climate that makes it one of the state’s most desirable tourist destinations. Even the winter weather doesn’t get too cold. Moreover, Lincoln City offers plenty of outside and water activities and is hosting many great restaurants within the city limits.

Buy it today – the demand for properties like this has increased, and properties are selling quickly!

Quick Facts About Lincoln City, OR (per www.bestplaces.net)

 

Population

  • Population has grown 8.3% since 2010
  • Around 8,600 people are living in Lincoln City
  • Median age of people in the community is 45 years old

Economy

  • It is a great place for retirement and a great place for a vacation stay
  • 0% Sales Tax in Lincoln City, OR
  • Low unemployment rate in Lincoln City

Cost of Living

  • Compared to the rest of the country, Lincoln City’s cost of living is 1% lower than the U.S. average.

Housing Market in Newport, OR

  • It’s a great time to build a house in Newport – Home Appreciation is up 11% in the last 12 moths
  • Median House Price: $300,000

Property Location:

  • 5-7 min to the Beach and to Devils Lake
  • 1hr 10 min to Salem (Oregon State Capital City)
  • 1hr  50min to the unique Oregon National Forests (Central Oregon)
  • 1hr 50 min to Portland International Airport and Downtown Portland

Wetland Delineation Report is Available to be Reviewed! Minor Wetland at the very end of the property, which is not affecting general development plans. 

Property Details

APN:
R91379
Legal Desc:
Twnshp 07 Rng 11 Acres 1.03 Mf424-1216
State:
Oregon
County:
Lincoln
City:
Lincoln City
Address:
NE 20th St
Size:
1.03 Acres
Zoning:
R, M / Residential & Multi-Family
Terrian:
Slightly sloped and Wooded (Trees on the Property)
Annual Tax:
$ 963.55
Road Access:
Dirt Road Access (Legal and Physical Access / Easement)
Electricity:
Available – contact Lincoln County (Community Development) (541)265-4192
Water:
Available – contact Lincoln County (Community Development) (541)265-4192
Sewer:
Available – contact Lincoln County (Community Development) (541)265-4192

Buy this property now for just

$85,000

and save

$75,000

Interested in this Property? 

To purchase this property today call us at (904) 867-4380 or fill out the form below and will contact your or call you back to finalize the deal.

*Disclaimer – Buyer must perform their own due diligence they should do with any land purchase. This land is sold as is and all information provided is to the best of seller’s knowledge. Seller does not guarantee accuracy of property location on maps or descriptions show in listing as well as facts describing the property. Buyer to verify all details of property including property location and boundaries and lot lines, as well as feasibility to use property for buyer’s desired purpose.  Many of the pictures provided are not personally taken by the seller and some of the presented pictures represent the general area near/around the property. All utilities related to this property are potentially subject to a connection charge or additional expense to bring them to or onto the property.  Furthermore, It is understood and agreed to by the parties involved that selling party, while holding an equitable interest in and to the property, is not presently making, and has not made, any representation to any party that it holds legal title in and to the property.  To the fullest extent permitted by law, the Buyer hereby agrees to waive, release and forever discharge Vollmer Real Estate LLC and all its members, be it at law or in equity, that the Buyer, their heirs, transferees, assigns, subrogees, devisees, and agents may allege, arising out of our disclosure(s) of its present interest in and to the property, if any as well as out of any potential and accidental discrepancies in lot lines, pictures or property location to the actual property.

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