Shawn Realty 503-515-44994,500 sq ft
638 SPRUCE ST, Myrtle Point, OR 97458
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- Building Area
- 4,500 sq ft
- Price/Sq Ft
- $33/sq ft
- Year Built
- 1960
- County
- Coos
- Annual Tax
- $4,086 (2025)
- Days on Market
- 9 days
- Open House
- None scheduled
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.
Facts & Features
| Property Type | Commercial Sale |
|---|---|
| Sub-Type | Commercial |
| Building Area (sq ft) | 4500 |
| Year Built | 1960 |
| County | Coos |
| Heating | Other |
| Construction | Block, Wood Frame |
| Roof | Metal |
| View | Yes |
| Parking | On Street |
| Sewer | Public Sewer |
| Water | Public Water |
| Annual Taxes | $4,086 |
| Tax Year | 2025 |
| Original List Price | $150,000 |
| RMLS # | 289667317 |
Map data © OpenStreetMap contributors (not RMLS data).
Listed by Joseph Aguirre • Pacific Coast Real Estate & Development, LLC
Contact: 541-808-3297
Listing updated: Oct 23, 2026 at 12:13am
Source: RMLS #289667317 
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 Shawn Realty are marked with the RMLS logo, and detailed information about these properties includes the name 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 10/23/2026 10:00. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by RMLS.
Ask Shawn Yu about this home
Shawn Yu, Shawn Realty · 503-515-4499
Shawn Realty