Lincoln City - SE 31st Street

Investment Overview

This offering consists of ±30.3 acres of undeveloped, medium-density residential land, positioned in a private wooded setting at the eastern end of SE 31st Street.

The property has recently secured the following entitlements:

• A Comprehensive Plan Map Amendment from R-7.5 to R-M (Multiple-Unit Residential)

• A Zoning Change from R-1-7.5 to R-M

These approvals expand development capacity and allow for a diverse mix of housing types, including multi-unit buildings, townhomes, cottage clusters, duplexes, and tiny-home communities.

The site benefits from an existing easement to SE 32nd Street, providing direct access to a signalized Highway 101 intersection—an uncommon competitive advantage for a land parcel of this size.

The property comprises two contiguous tax lots and is adjacent to significant community amenities, including Taft High School, Taft Elementary School, and the 20-acre Spyglass Ridge Trailhead Park.

A concept plan utilized during the rezone amendment process illustrates opportunities for ocean-view positioning, walkable greenspace integration, and trail connections, laying the groundwork for a cohesive, master-planned residential community.

The seller is open to seller-carried financing for qualified developers. Inquire with the broker regarding an additional 44 acres available for sale immediately north of these parcels.

Highlights

New Medium-Density R-M Zoning
Expanded Development Capacity: The property recently secured a rezoning to R-M (Multiple-Unit Residential), significantly increasing allowable density and enabling a diverse housing mix, including multi-unit buildings, townhomes, cottage clusters, and duplexes. This presents an opportunity to meet Lincoln City’s strong demand for diverse workforce housing.

 

Signalized Highway 101 Access
Uncommon Competitive Advantage: The site benefits from an existing easement to SE 32nd Street, providing direct access to a signalized Highway 101 intersection and ensuring seamless vehicular and regional connectivity.

 

Master-Planned Community Potential
Ocean Views & Integrated Greenspace: A concept plan demonstrates opportunities for ocean-view positioning, walkable greenspace integration, and trail connections, creating the framework for a cohesive, master-planned residential community.

 

Seller-Carried Financing Available
The seller is open to seller-carried financing for qualified developers.