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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 Multi-Family or Single Family houses –-GREAT INVESTMENT & DEVELOPMENT POTENTIAL – SELLER FINANCING AVAILABLE!

Acreage

3

Price

$85,000

State

Oregon

Contact Information

Interested in this listing? Contact the seller for more information:

Max Vollmer (458)201-4895 Email Seller

Property Details

Status:              Available

State:               OR

County:           Lincoln

Size:                  1.03 Acres

Market Value:  $160,000 (considering current market demand)

Sale Price:       $85,000

You Save:        $75,000

Buy 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 buyers 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!

 

Property Details

APN:                R91379

Legal Desc:      Twnshp 07 Rng 11 Acres 1.03 Mf424-1216

State:               Oregon

County:           Lincoln

City:                 Lincoln City

ZIP:                  97367

Address           NE 20th St

Size:                 1.03 Acres

Zoning:            R,M  Residential, Multifamily

Terrain:           Flat and Slopes (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

–       Wetland Delineation Report is Available to be Reviewed!

 


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