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4000 NW 40th St. 3.89 Acres of Commercial Land Offered at $979,000 in Lincoln City, OR 97367
Investment Highlights
- Excellent Visibility and access form Hwy 101
- Property is adjacent to the Chinook Winds Casino Hotel & Resort
- 2 blocks to the beach, shopping and much more
Executive Summary
Property Facts
1 Lot Available
Lot
| Price | $979,000 | Lot Size | 3.89 AC |
| Price Per AC | $251,670.95 |
| Price | $979,000 |
| Price Per AC | $251,670.95 |
| Lot Size | 3.89 AC |
Ocean view large 3.89 acre property zoned R-C Recreation Commercial property. Site is in a prime NW Lincoln City location. Bring your imagination.
Description
Prime 3.89 acre ocean view property, offering an exceptional opportunity for hotel, motel, or resort development. With ocean views, close proximity to the casino, and just moments from beach access, shopping, and dining, this location is ideally positioned to serve visitors and capitalize on strong coastal tourism demand. Zoned R-C Recreation Commercial and priced at $5.90 per square foot, this site allows for a wide range of approved uses as verified with the City of Lincoln City, including apartments, condominiums, hotels, motels, timeshares, and senior retirement housing. The property offers excellent visibility and convenient access from Highway 101, making it well suited for both destination and long-term residential or hospitality projects. All utilities are available at the street. Seller is open to seller financing. Submit all offers and explore the potential this premier coastal development site has to offer.
Property Taxes
| Parcel Number | R503280 | Improvements Assessment | $0 |
| Land Assessment | $911,960 | Total Assessment | $911,960 |
Property Taxes
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4000 NW 40th St.
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