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0 Beds
0 Baths
4,500 sqft

$150,000

638 SPRUCE ST, Myrtle Point OR, 97458

Price per sqft$33.33
Built in1960
Property size4,500 sqft
Property typeCommercial
Listing Courtesy of Pacific Coast Real Estate & Development, LLC, Joseph Aguirre. 541-808-3297

Overview

Active

Listed Oct 16, 2026

Updated 5h ago

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.

Other Property Details

Taxes
$4,086
Tax Frequency
Annually
View
Yes
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Listing Courtesy of Pacific Coast Real Estate & Development, LLC, Joseph Aguirre. 541-808-3297

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Sotheby's International Realty are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on 10/18/2026, 7:20 AM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available

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