28th Street, Lincoln City, OR

$2,950,000

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43.49

Acres

About 28th Street

Ocean-view development property in Lincoln City located in the Nelscott Gap Neighborhood and within UGB. City has indicated interest in a mix of multi-family and single-family dwellings with possibility of higher density. Light retail component also may be a possibility. Sewer line was stubbed in during recently Hwy 101 expansion. TIF has been set up for future commuter road. Property will need to be annexed into the city. Sellers have completed a lot of engineering and design work. Last entitlement steps need to be taken to make this an amazing development. Two tax parcels total 44 acres and can be sold as a whole or separately with possibility of further subdivision. Seller will consider joint venture and is flexible. See MLS #24-1066 & 24-1067.

Features of 28th Street

MLS® # 21-1220
Price $2,950,000
Acres 43.49
Type Land-Residential
Status Active

Community Information

Address 28th Street
Area Lincoln City SE
Subdivision N/A
City Lincoln City
County Lincoln
State OR
Zip Code 97367

Amenities

View Ocean
Is Waterfront No

Additional Information

Date Listed May 31st, 2021
Zoning R-1 Residential, Single Family
Short Sale No
RE / Bank Owned No

Listing Details

AgentDoretta L Smith
OfficeMartek Real Estate

Listing Map

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