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Listing provided courtesy of Taylor & Taylor Realty Company- MLS# LC-88398MLS ProviderSource MLS Verified

4000 Blk NW 40th StreetLincoln City, OR 97367

Vacant Land · 3.89 Acres
$795,000 Active

4000 Blk NW 40th Street Overview

Time on Site:
188 days
Visits:
11

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.

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4000 Blk NW 40th Street Facts & Features

  • Type Vacant Land
  • Lot 3.89 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • School District: Lincoln County School District

Business Information

  • Current Use: Vacant

Location/Region

  • County Or Parish: Lincoln
  • Subdivision Name: Lincoln Shore Star Resort

Community/Development

  • Community Features: Curbs,Sidewalks
  • Development Status: Raw Land

Rent/Lease Information

  • Land Lease: false
  • Lease Considered: false

Tax Information

  • Tax Annual Amount: 15331.5
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Owner Will Carry,Submit
  • Parcel Number: 071103A
  • Possible Use: Commercial,Development,Multi-Family,Mixed Use,Office,Residential,Single Family,Subdivision
  • Property Sub Type: Commercial
  • Property Type: Land
  • Senior Community: false
  • Special Listing Conditions: Standard
  • Zoning: RC - Recreational Commercial

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Other Equipment: None

Exterior

Lot Information

  • Lot Features: Wooded,Sloped
  • Lot Size Acres: 3.89
  • Lot Size Area: 3.89
  • Lot Size Dimensions: 271 x 590 x 280 x 590
  • Lot Size Square Feet: 169448.4
  • Lot Size Units: Acres
  • Road Surface Type: Asphalt,Paved
  • Water Source: Public

Waterfront/View

  • View: Ocean
  • Waterfront: false

General Information

  • Fencing: None
  • Road Frontage Type: City Street
  • Sewer: Public Sewer
  • Utilities: Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Water Available,Phone Available

4000 Blk NW 40th Street Neighborhood

Community

97367 (Lincoln City) Demographics

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

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4000 Blk NW 40th Street Monthly Cost

$
$ %
%
$
$
* 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.

4000 Blk NW 40th Street Market Data

Based on the last 30 days in this zip code

$648,541
Average List Price
$372
Average Price per Square Foot
25
Properties Sold
116
Average Days on Market
436
Properties for Sale
Calculations provided by Reliance Network

4000 Blk NW 40th Street History

Date Event Value Agent
5/16/2026Source: Tillamook MLS Price Reduction
$795,000 -11.2%
4/12/2026Source: Tillamook MLS Price Reduction
$895,000 -8.6%
2/20/2026Source: Tillamook MLS Price Reduction
$979,000 -2.1%
1/5/2026Source: Tillamook MLS Price Reduction
$1,100,000 -15.4%
1/5/2026Source: Tillamook MLS Price Reduction
$1,300,000 -3.7%
1/5/2026Source: Tillamook MLS Price Reduction
$1,350,000 -3.5%
1/5/2026Source: Tillamook MLS Price Reduction
$1,399,000 -2.8%
1/5/2026Source: Tillamook MLS Price Reduction
$1,449,000 -3.3%
1/5/2026Source: Tillamook MLS Added to Database
February 05, 2024
1/5/2026Source: Tillamook MLS Price Reduction
$1,439,000 -0.7%
1/5/2026Source: Tillamook MLS Price Reduction
$1,000,000 -9.1%
1/5/2026Source: Tillamook MLS Added to Database
February 05, 2024