1500 1600 Blk NE Oar Ave

LincolnCity, 97367

  • Bed

  • Bath

  • SqFt

  • 2 DOM

  • Built:

  • Status: Active

$499,000

X

1500 1600 Blk NE Oar Ave

LincolnCity 97367

$499000

  • Bed

  • Bath

  • SqFt

  • 2 DOM

  • Built:

  • Status: Active

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Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

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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Residence Information

  • No

Features and Utilities

Financial

  • 3934.29

  • 0

  • Cash,Conventional

  • 06-29-2025

  • No

  • No

Comparable Information

  • 2

  • 2

  • Cash,Conventional

  • $499,000

  • $499,000

  • Jun 30, 2025 10:52

Schools

Elementary : Oceanlake N/A Ratings
Middle : Taft N/A Ratings
High : Taft N/A Ratings

Map

Listing courtesy of Taylor & Taylor Realty Co..

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Mohan Realty Group data last checked: Jul 01, 2025 05:19 | Listing last modified Jun 30, 2025 10:52. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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