4000 Blk NW 40th Street, Lincoln City, OR 97367 (MLS# LC-88398)

$795,000

4000 Blk NW 40th Street
Lincoln City, OR 97367
MLS# LC-88398

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Property 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 $5.28 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.

Details

Maps

Documents

Status Change Information

Status Change Timestamp: 2022-11-22

Price Change Timestamp: 2026-05-16T21:32:02Z

Address

Within City Limits?: Yes

Street Number: 4000 Blk

Street Direction Prefix: NW

Street Name: 40th

Street Suffix: Street

County: Lincoln

State: OR

Postal Code: 97367

Directions: Hwy 101 to NW 40th St. to property.

Cross Street: HWY 101

Parcel Number: 071103A

Contract

List Price/Acre: 204370.18

Current Price: $795,000

Status: Active

Begin Date: 2019-06-14

List Price: $795,000

Listing Agreement: Exclusive Right To Sell

Listing Service: Full Service

Tax & Legal

CC&R's: Yes

Association/Community

Senior Community YN: No

Lot

Lot Size Dimensions: 271 x 590 x 280 x 590

View YN: Yes

Water Body Access YN: No

Lot Size Acres: 3.89

Lot Size Square Feet: 169448.4

Sign On Property YN: 1

Utilities

Cable Available: 1

Electricity Available: 1

Natural Gas Available: 1

Phone Available: 1

Sewer Available: 1

Water Available: 1

Remarks

Lincoln Public Historical Details: Grade: Below, Specially Assessed: No

CC&R's

Covenants: 1

Community Features

Curbs: 1

Sidewalks: 1

Fencing

None: 1

Land Details

Corner Stakes: Yes

Mineral Rights YN: No

Survey Completed: Yes

Irrigated: No

Listing Terms

Cash: 1

Owner Will Carry: 1

Submit: 1

Lot Features

Sloped: 1

Wooded: 1

Other Equipment

None: 1

Possession

Close Of Escrow: 1

Road Frontage Type

City Street: 1

Road Responsibility

Public Maintained Road: 1

Road Surface Type

Asphalt: 1

Paved: 1

Sewer

Public Sewer: 1

Special Listing Conditions

Standard: 1

View

Other: 1

Water Body Type

Ocean: 1

Water Body View

Yes: 1

Water Source

Public: 1

Current Use

Vacant: 1

Development Status

Raw Land: 1

Possible Use

Commercial: 1

Development: 1

Mixed Use: 1

Multi-Family: 1

Office: 1

Residential: 1

Single Family: 1

Subdivision: 1

Additional Tax and Location Information

Highway 101: West Side

Neighborhood Code: L212

Property Tax ID #: R503280

Subdivision Block: NA

Subdivision Parcel/Lot: 61

Tax District: 412

Documents

Plat Map: 1

Historical Details

Historical MLS Number: 19-1523

Listing Information

Listing Association Name: Lincoln County BOR

Property Sub Type: Commercial

Tax Legal

Subdivision Name: Lincoln Shore Star Resort

School District: Lincoln County School District

Tax Annual Amount: 15331.5

Tax Year: 2025

Zoning: RC - Recreational Commercial

Tax Lot: 1200

Tax Map Number: 071103A

Property Features

Utilities: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Sewer Available; Water Available; Cable Available; Electricity Available; Natural Gas Available; Phone Available; Sewer Available; Water Available

Community Features: Curbs; Sidewalks

Current Use: Vacant

Development Status: Raw Land

Fencing: None

Listing Terms: Cash; Owner Will Carry; Submit

Lot Features: Sloped; Wooded

Other Equipment: None

Possession: Close Of Escrow

Possible Use: Commercial; Development; Mixed Use; Multi-Family; Office; Residential; Single Family; Subdivision

Road Frontage Type: City Street

Road Responsibility: Public Maintained Road

Road Surface Type: Asphalt; Paved