Listing provided courtesy of Taylor & Taylor Realty Co.- MLS# 576406118
Contact Information: 541-994-9111
Contact Information: 541-994-9111Images
Request Info1500 1600 Blk NE Oar AveLincoln City, OR 97367
Vacant Land · 1.03 Acres$499,000
Active
1500 1600 Blk NE Oar Ave Overview
- Time on Site:
- 364 days
- Visits:
- 4
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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1500 1600 Blk NE Oar Ave Facts & Features
- Type Vacant Land
- Lot 1.03 Acres
Details
General
School Information
- Elementary School: Oceanlake
- Middle Or Junior School: Taft
- High School: Taft
Business Information
- Current Use: Multi Family,RawLand,Residential
Location/Region
- Country: US
- County Or Parish: Lincoln
- MLS Area Major: 200 - Lincoln County
- Subdivision Name: RAYMOND TOWNSITE
Tax Information
- Tax Annual Amount: 3995.66
- Tax Year: 2025
General Information
- Disclosures: Disclosure
- Listing Terms: Cash,Conventional
- Parcel Number: R309952
- Property Sub Type: Multi Family
- Property Type: Land
- Zoning: RM
Interior
Exterior
Lot Information
- Additional Parcels Description: 8 lots
- Lot Features: Brush,Trees
- Lot Size Acres: 1.03
- Lot Size Square Feet: 44866.0
- Number Of Lots: 8
- Road Surface Type: Paved
General Information
- Other Structures: None
- Utilities: CableAvailable,See Remarks
1500 1600 Blk NE Oar Ave Neighborhood
Community
97367 (Lincoln City) Demographics
55
Median Age
231
Population Density (per sq. mile)
35%
College Educated
$46,563
Estimated Median Income
2,808
Estimated Total Home Owners
1,706
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1500 1600 Blk NE Oar Ave Monthly Cost
1500 1600 Blk NE Oar Ave Market Data
Based on the last 30 days in this zip code
$648,541
Average List Price
$372
Average Price per Square Foot
11
Properties Sold
116
Average Days on Market
436
Properties for Sale
1500 1600 Blk NE Oar Ave History
| Date | Value | Agent |
|---|---|---|
| 6/30/2025Source: Regional MLS | June 30, 2025 |