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1206 SE 28th St - 44 Development Acres in Lincoln City UGB 43.49 Acres of Residential Land Offered at $1,665,372 CAD in Lincoln City, OR 97367
Investment Highlights
- WITHIN THE URBAN GROWTH BOUNDARY
- ACCOMMODATES MULTIFAMILY DEVELOPMENT DENSITY UP TO 10 UNITS PER ACRE
- CITY WILL ALLOWS MIXED USE, APARTMENTS, SFRS, OR A COMBINATION THEREOF
- SDC DEFERRAL UNTIL CO
- CITY READY AND WILLING TO PARTNER WITH THE RIGHT DEVELOPER
- NO AFFORDABILITY RESTRICTIONS
Executive Summary
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.
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.
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- Offering Memorandum
Property Facts
| Price | $1,665,372 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Mixed Use |
| No. Lots | 1 | Total Lot Size | 43.49 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | I-P | ||
| Price | $1,665,372 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Mixed Use |
| Total Lot Size | 43.49 AC |
| No. Stories | 1 |
| Zoning | I-P |
1 Lot Available
Lot
| Price | $1,665,372 CAD | Lot Size | 43.49 AC |
| Price Per AC | $38,293.22 CAD |
| Price | $1,665,372 CAD |
| Price Per AC | $38,293.22 CAD |
| Lot Size | 43.49 AC |
Somewhat walkable
20/100
Very drivable
80/100
Limited public transit
20/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $91,135 CAD | Total Assessment | $91,135 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$91,135 CAD
Improvements Assessment
$0 CAD
Total Assessment
$91,135 CAD
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1206 SE 28th St - 44 Development Acres in Lincoln City UGB
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