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Listed by Coldwell Banker Professional
$515,000
Est. payment /mo
0.73 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 101387342
HOA Y/N No
Annual Tax Amount $3,625
Tax Year 2025
Lot Size 0.730 Acres
Property Sub-Type Mixed Use
Property Description
Prime 0.73-acre parcel with exceptional visibility and approximately 80 feet of Highway 101 frontage. This versatile property features split zoning with both General Commercial (GC) and Planned Industrial (P-I), offering outstanding potential for commercial, industrial, mixed-use, or investment opportunities. The property is served by on-site utilities and, according to available information, has no mapped wetlands or flood zones. A large, flat, graded, and rocked pad at the top of the property provides a potential site for a shop, home, or future improvements, subject to zoning and permitting. A privacy fence and the substantial retaining wall along Highway 101, both added by the seller, are valuable site improvements. The existing garage has been updated with a newer shingle roof, sheetrock, insulation, electrical upgrades, new power service, and water service. An existing billboard is currently leased by Outfront Media. Buyers should verify lease terms and any transfer or modification opportunities directly with Outfront Media and the City of Lincoln City. Development standards and permitted uses vary because of the split zoning. Buyers should perform their own due diligence and verify zoning, permitted uses, development standards, utilities, and required approvals with the City of Lincoln City Planning Department. With outstanding Highway 101 exposure, flexible zoning, and development potential, this highly visible property is an exceptional opportunity for a wide range of future uses.
Location
State OR
County Lincoln
Area _200
Zoning P-I
Exterior
Utilities Available ElectricityConnected, PublicSewer, WaterConnected
Garage No
Schools
Elementary Schools Oceanlake
Middle Schools Taft
High Schools Taft
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Nearby School & Business
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