1206 SE 28th St - Residential LAND FOR SALE


Lincoln City, OR 97367 1,894,424 SF
$2,850,000 USD
541-745-4050
1206 SE 28th St, Lincoln City, OR for Sale
$2,850,000 USD
Residential LAND - FOR SALE
1/5
1,894,424 SF

1206 SE 28th St
Lincoln City, OR 97367


HIGHLIGHTS

  • WITHIN THE URBAN GROWTH BOUNDARY
  • SDC DEFERRAL UNTIL CO
  • ACCOMMODATES MULTIFAMILY DEVELOPMENT DENSITY UP TO 10 UNITS PER ACRE
  • CITY READY AND WILLING TO PARTNER WITH THE RIGHT DEVELOPER
  • CITY WILL ALLOWS MIXED USE, APARTMENTS, SFRS, OR A COMBINATION THEREOF
  • NO AFFORDABILITY RESTRICTIONS

OVERVIEW

Pacific Highlands offers two adjacent parcels totaling roughly 44 acres. Once annexed, the Lincoln City will bring resources to bear from its Urban Renewal District fund for pre-development and site work. City is also willing to cooperate with experienced developers to cover an “equitable share” of road and sidewalk work. SDC fees may be deferred to Certificate of Occupancy for both market rate and Affordable projects. City desires mixed income development in line with the Dec. 2024 Oregon Housing Needs Analysis, with a special emphasis in 80%-120% AMI and home ownership opportunities. Boasting a consistent annual population growth of 1.31%, limited of suitable building land makes this site attractive. Off of Highway 101, close to schools, and commercial and tourist areas, Pacific Highlands is in the heart of Lincoln City. Only 30 minutes from Newport, 1 hour from Salem, and 2 hours from Portland, Lincoln City continues to deepen its economic base beyond tourism and is becoming an ever more popular retirement destination.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/ACRE

$65,532/AC

PRICE/SF

$2 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

44 Development Acres in Lincoln City UGB

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Mixed Use

LAND ACRES

43.49 AC

LAND SF

1,894,424 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

R401436,R408674

ASK ABOUT THIS PROPERTY

Bjorn BeerSVN | Imbrie RealtyMore Info
541-745-4050

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Bjorn BeerSVN | Imbrie RealtyMore Info
541-745-4050

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.