RAYMOND TOWNSITE
Property • Land
Web ID # 576406118
$499,000.00
Beds • Baths
Property Features
Regional Multiple Listing Service, Inc.
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.
Hwy 101 to NE 22nd St to NE Oar to NE 15th & 16 St.
Dwelling Type: Land
Subdivision: RAYMOND TOWNSITE
Year Built: , County: US
Hwy 101 to NE 22nd St to NE Oar to NE 15th & 16 St.
Virtual Tour
Listing is courtesy of Taylor & Taylor Realty Co.
