Property Description
Ocean view investment with further development potential! Located across the street from ocean front. On the corner of NW Jetty Ave and NW 39th Street in Lincoln City. Close to beach access, miles of sandy beaches, shopping, restaurants, and the casino. Property currently has one single family home, a tri-plex, and a 4-plex with a gross income of $92,220 in 2021. The property consists of approximately 30,000 sq. Ft. Of land fronting 3 streets with multiple tax lots zoned R-1-5 that provide many options. The City will allow a max. 12 units, 6 duplex style units, townhomes, or 6 single-family homes for new development. All approved and combination uses are to be verified with Lincoln City. Units 3 and 4 being refreshed are vacant and can be shown at anytime! (prior long term)
- Status Active
- City Lincoln City
- County Lincoln
- State Oregon
- Major Area Lincoln City
- Subdivision NA
- Parcel Number 071103DA-1000-00
- U.S. Highway 101 West Side
- Property Type Multi-Dwelling
- Style Cottage
- Primary View Ocean
- Bedrooms 8
- Bathrooms 8
- Basement No
- Ceiling Flat, Vaulted
- Heating/Cooling Forced Air
- Garage Type None
- Parking Spaces 10
- Street Surface Paved
- Roof Composition
- Siding Cedar, Shake
- Foundation Concrete Perimeter
- Outbuildings None
- Total Square Feet 4,743
- Year Built 1946
- Lot Acres 0.71
- Frontage None
- Zoning R1.5
- Water City
- Sewer City
- Electric On Property
- Gas On Property
- Bank/Lender Owned No
- Seller's Terms 1031, Cash, Conventional Financing
- Price $1,700,000
- Tax Year 2021
- MLS Number 22-241
- Phone Number (541) 961-6688
- Directions Highway 101 to NW 39th Street to property. See sign.
- Cross Street NW Keel Ave.
Taylor & Taylor Realty Company is the listing office. Call Doretta Smith at (541) 961-6688 to see this property or obtain more information.
