Newport, OR 97366 - Lincoln County

Yaquina Vista is just minutes from shopping, dining, recreation and tourism opportunities found throughout Newport. and surrounding areas. The property boasts an unrivaled perspective of the bay, with a front row seat to beautiful Oregon Coast wetlands. Easy paved access to this parcel provides a unique blend of elements: the convenience of being inside city limits, yet the presence of aquatic beauty all around. Not only does Yaquina Vista benefit from its overall location, it also borders a wooded area and contains a small freshwater pond where wildlife abounds.

Not every real estate purchase is made for pleasure! Yaquina Vista provides an excellent opportunity to expand upon Newports growing need for higher density residential. Zoned R-4 Multifamily, this parcel is primed and ready to be taken to the next level. With an estimated 3.88 acres +/- of developable space, there is potential to build multifamily structures such as townhouses, 2/3/4-plex residential etc with 2,500 sq. ft. land minimum per dwelling unit. Also certain commercial ventures may be allowed, including a hotel/motel/resort (see Lincoln County and City of Newport Zoning Ordinances)

The property is served by City of Newport water and sewer, both of which have readily available capacity to increase service volume, according to the City.

Approximately 3.88 acres of developable space outside wetlands and flood zone

Potential for wetland area development? (Inquire with Oregon State Lands)

Views of the Yaquina Bay

Attractive wetlands for a natural landscape

Available utilities include City of Newport water and sewer, natural gas by Northwest Natural, Electricity by Central Lincoln PUD.

Possible Energy Trust of Oregon incentives for Multifamily development

Possible Tax/Development incentives via City of Newport

Buyer to do their own due diligence.