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!

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.