This 1.66± acre site is located within the central Oregon coast resort community of Lincoln City, between Highway 101 and Devils Lake, at the corner of NE Reef Ave and NE 20th Street. Lincoln City is the second largest central Oregon coast community and is within a two and a half hour drive of Portland, and one hour twenty minute drive of Salem. The seller had preliminary plans for development of thirty apartment units, each to be 2 bedroom/2 bathroom in 950± square feet, located in three walk-up buildings designed to take advantage of the property’s south-facing slope. Development of the site will require extension of sewer from NE 21st Street and installation of a pump station. NE 20th Street currently serves several residences and will need to be improved as part of the development of the property. There is strong on-going demand for work force and affordable housing in Lincoln City due to its tourism-based economy which includes staffing for hotels, restaurants, and Chinook Winds Casino. Sealed bids due May 16, 2018.
