Creative financing possible! Calling all builders and developers! This prime 1.72-acre property, zoned R2, is plat approved for 11 duplex lots, allowing for a total of 22 townhomes. Located across from the Embarcadero Resort and Marina, it features breathtaking Bay Bridge & Ocean Views. With water, sewer, and power at the street; this premium development opportunity is ready for your summer build. Enjoy popular attractions like Oregon Coast Aquarium, Hatfield Marine Science Center, lighthouses, golf courses, and the central Oregon coast in this Newport's Bayfront District. Prime location justifies a condo or timeshare development too. Invest now!