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$150,000 Just Listed

  • For Sale
  • Active
  • Commercial Service
  • Updated 4 days ago
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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.

Full Property Details for 638 Spruce St

General

  • Price: $150,000
  • Taxes: $4,086 (2025)
  • Status: Active
  • Type: Commercial Service
  • Source: RWMLS
  • MLS ID: 289667317
  • Updated: 10/16/2026
  • Added to Site: 5 day(s) ago

Parking

  • Parking Features: On Street

Location

  • County: Coos
  • Driving Directions: Spruce St to Address

Community

  • Community Name: 260 - Coos County

Heating & Cooling

  • Heating Type: Other
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • # Buildings: 1
  • Property Detached: Yes
  • Construction: Block, Wood Frame
  • Roof: Metal
  • Stories/Levels: 1
  • Square Feet: 4,500
  • Current Bldg. Use: Restaurant, Tavern
  • Year Built: 1960
  • Property Condition: Approximately

Lot Features

  • Lot Size: 3, 000 to 4, 999 SqFt
  • Lot Dimensions: 50 x 95
  • Frontage: Paved

Financial Considerations

  • Tax Amount: $4,086.09
  • Tax Year: 2025
  • Terms: Cash

Disclosures and Reports

  • Legal Description: 29-12-16 BB TL2500
  • Property ID: 3464500

Listed by Pacific Coast Real Estate & Development, LLC (541) 808-3297, Joseph Aguirre (541) 808-3297

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Listing agent

— 638 Spruce St —

  • Joseph Aguirre

    Pacific Coast Real Estate & Development, LLC

    541-808-3297

541-808-3297

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 638 Spruce St

School District:Myrtle Point School District 41
NameGradesDistance
Myrtle Crest School
903 Myrtle Crest Lane, Myrtle Point, OR 97458
K-60.6 mi
Myrtle Point High School
717 4th Street, Myrtle Point, OR 97458
7-120.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 638 Spruce St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/16/2026
Listed
$150,000
114.29%
MLS
1/19/2006
Sold
$70,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 638 Spruce St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,086
2%
$246,490
3%
2024
$4,018
5%
$239,320
3%
2023
$3,833
2%
$232,350
3%
2022
$3,773
3%
$225,590
3%
2021
$3,676
3%
$219,020
6%
2020
$3,574
5%
$206,460
5%
2019
$3,418
13%
$195,730
—
2018
$3,029
—
$195,730
5%
2017
$3,036
-7%
$186,410
-7%
2013
$3,264
—
$200,450
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Pacific Coast Real Estate & Development, LLC (541) 808-3297, Joseph Aguirre (541) 808-3297

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638 Spruce St, Myrtle Point, OR 97458 (MLS# 289667317) is a Commercial Service property. 638 Spruce St is currently listed for $150,000 and was received on October 16, 2026. Want to learn more about 638 Spruce St? Do you have questions about finding other Commercial Service real estate for sale in Myrtle Point? You can browse all Myrtle Point real estate or contact a Coldwell Banker agent to request more information.

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