638 SPRUCE ST Myrtle Point, OR $ 150,000
638 SPRUCE ST
$ 150,000
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638 SPRUCE ST

Myrtle Point, OR, 97458
$ 150,000
Bedrooms-- Baths-- Sq 4,500
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Property for Rent in Myrtle Point, OR

for $150,000. This 4,500 square foot property was built in 1960.

EXCELLENT INVESTMENT & REDEVELOPMENT OPPORTUNITY! The Steel Penny Bar & Restaurant in Myrtle Point, Oregon, offers tremendous potential for investors, entrepreneurs, or restaurateurs looking for a value-add project in a great location. This spacious property features a versatile floor plan with the potential to accommodate two separate businesses, a commercial kitchen area, banquet room, expansive dining area, space for video lottery, and two beautiful vintage bars. Attractive tilework, flooring, and original character provide a great foundation for restoration. While the property requires substantial renovations and improvements, the possibilities are endless for the right buyer with vision. Bring this once-popular establishment back to life or reimagine the space for an entirely new concept. PRICED TO SELL! Bring your ideas and take advantage of this unique investment opportunity! This is a cash-only, as-is sale. Financed offers will not be considered.

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Rental Active

Price

$ 150,000

Taxes

$ 4,086

Style

Commercial

Year Built

1960

Town/City

Myrtle Point

County/Region

Coos

MLS | Web ID

289667317

Features
General
Sewer PublicSewer
Heating Other
Roof Metal
Zoning C
Construction Materials Block WoodFrame
Year Built 1960
Sale Includes Building Land
Stories Count 1
Property Subtype Commercial
Tax Year 2025
Current Use Restaurant Tavern
Parcel Number 3464500
Gross Income 0
County Coos
Operating Expense 0
Property Type CommercialSale
HOA N
Status Active
Directions Spruce St to Address
City MyrtlePoint
MLS Area _260
Listing Terms Cash
Tax Annual Amount 4086.09
Property Condition Approximately
Lease Type None
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 29-12-16 BB TL2500
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Exterior
Parking Features OnStreet
Water Source PublicWater
Number of Buildings 1
Building Area Total 4500.0
Lot Dimensions 50X95
Road Surface Type Paved
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Internal Only
Street Number 1 638
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* Excluded Features
List By
Pacific Coast Real Estate & Development, Llc

Broker

541-808-3297

Contact

Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/16/2026$150,000 Listed Price

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638 SPRUCE ST, Myrtle Point, OR, 97458 is a Property for Rent at $150,000 with 4,500 sqft. 638 SPRUCE ST was built in 1960. The property's zip code is 97458 which is in Myrtle Point, OR