Historical Land Sale Listing - 71 Acre Thiel Creek Development Tract

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71 Acre Thiel Creek Development Tract

Thiel Creek Road, Newport, OR 97365

N/A

71.60 AC | Land

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Land - Off Market

Price:
N/A
Lot Size:
71.60 AC
Property Type:
Land
Property Sub-type:
Multifamily (land)
APN / Parcel ID:
12-11-05 801
Zoning Description:
High Density Multi-Family
w/ PDR Overlay
Listing ID
16222414
Last Updated
over 1 year ago

Highlights

  • 92 properties to be sold by Lenders, Corporations, Developers and Investment Firms
  • 12 to be Sold with NO MINIMUM BID
  • Seller Financing Available on Many Properties
  • No Buyer Premium
  • Broker Cooperation Invited
  • Auction Catalog Available

Description

71.6 acre Development Property - Previoulsy offered for $750,000. This 71± acre tract has R4 High Density zoning and had a PDR (Planned Destination Resort) overlay due to its location near a large block of land which had been planned as a destination resort in the early 1990s. The existing zoning will allow single and multi-family housing, mobile home parks, and other compatible uses, but will require the lifting of the PDR overlay with a comprehensive plan and zoning map text amendments. The tract has primarily 5± year old reproduction with 596± MBF of residual spruce on the tract. There is power along SE 98th. On-site well and septic is required. Property is being offered as part of a SEALED BID AUCTION with bids due May 28th.

This 71± acre tract is located in the southeast portion of the city of Newport, less than one-third mile from Holiday Beach and Coastal Highway 101. Newport Airport is within one-half mile of the property. There is frontage along Thiel Creek Road and SE 98th Street. Thiel Creek is along the southern boundary. Township 12 South, Range 11 West, Section 5, Tax Lot 801. From Highway 101 at Holiday Beach, take SE 98th Street east .9 mile and then Theil Creek Road to the property or continue along SE 98th.

Map of Thiel Creek Road, Newport, OR 97365 (Lincoln County)

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