4000 NW Blk 40th ST, Lincoln City, OR 97367 | MLS #17424374 | Cascade Hasson Sotheby’s International Realty
 
Listing provided courtesy of Taylor & Taylor Realty Co.MLS# 17424374MLS ProviderContact Information: 541-994-9111
  • 455 days on site
  • 7 views

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 $5.78 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.

Source: Regional MLS, MLS#: 17424374

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  • Property Type
    Land
  • Lot
    3.89 acres

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  • Median Age
    55
  • Population Density
    231
  • College Educated
    35%
  • Estimated Median Income
    $46,563
  • Estimated Total Home Owners
    2,808
  • Estimated Total Renters
    1,706
  • Owner / Renter Divide
    62% / 38%
  • Estimated Average Household Size
    2
  • Total Population
    10,023
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

History

Date Event Value Agent
5/16/2026Source: Regional MLS Price Reduction
$795,000 -11.2%
4/12/2026Source: Regional MLS Price Reduction
$895,000 -8.6%
2/20/2026Source: Regional MLS Price Reduction
$979,000 -2.1%
5/16/2025Source: Regional MLS Price Reduction
$1,000,000 -9.1%
4/25/2025Source: Regional MLS Price Reduction
$1,100,000 -15.4%
3/31/2025Source: Regional MLS Added to Database
March 31, 2025