About This Home

This 0-bedroom, 0-bathroom commercial at 638 SPRUCE St in Myrtle Point, OR is listed for $150,000 ($33 per sqft). Built in 1960, the home offers 4,500 sqft of living space on a N/A lot.

Key Features

  • Built in 1960

Property Details

1 story
1960

Amenities

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Listing Description

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.

Monthly Cost Estimate

$802/mo

20% down · 6.5% · 30 years

Principal$108
Interest$650
Insurance$44

Estimates only. Actual payments may vary.

Location

638 SPRUCE St

Myrtle Point, OR 97458

Property Details

Construction

Block WoodFrame

Views

City

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 638 SPRUCE St is listed at $150,000 ($33/sqft). The estimated monthly payment is $802 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1960.

This property is listed by Joseph Aguirre.

JA

Joseph Aguirre

Agent at Pacific Coast Real Estate & Development

Listed by Pacific Coast Real Estate & Development · Broker phone: (541) 294-2420 · Broker website

MLS# 289667317· Source: Regional Multiple Listing Services· 11 days on PropertySimple

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

638 SPRUCE St, Myrtle Point, OR 97458

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