This lot provides the perfect blank canvas for you to create your own masterpiece. Zoned R-3 and comprised of three tax lots with approximately 4997.5 Sq Ft, it offers a wealth of development possibilities. With a generous 35-foot height allowance, potential projects include three Townhomes or Condos, a Triplex, Duplex, or a stunning Single-Family Residence. Situated 110 feet above the bay, with the city owning the adjacent hillside, ensuring no future development will obstruct your view. Located on a quiet street tucked away from traffic and just one block from the hospital. A short distance to Yaquina Bay State Recreation Site and all the shops and restaurants in town and on Historic Bayfront District you are in the heart of all that Newport has to offer.All necessary utilities are conveniently located in the street, streamlining construction efforts. Don't miss the chance to create an extraordinary living experience in this highly desirable location.Owner carry option available!