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    502 Spruce St Myrtle Point, OR 97458

    For Sale
    $250,000

    COMMERCIAL - MyrtlePoint, OR

    Property size:
    3,000 SF
    Days on Market:
    54
    Last Refresh:
    Dec 5 at 9:06 am

    Property Features for 502 Spruce St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CR
    APN
    3462400
    Size
    3,000 SF

    Building Details

    Year built
    1950
    Floors in Building
    1
    Building materials
    Concrete, Frame, Stucco
    Roof type
    Flat

    Johnson Group Real Estate, LLC (541) 559-0111 [email protected]

    Listing agent Cynthia Johnson (541) 559-0111

    Listing date Oct 13, 2025

    Copyright © 2025 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.

    Overview

    Downtown Myrtle Point Commercial Building

    Located in downtown Myrtle Point, this commercial building offers three storefronts with income potential. The building has a total area of 3000 square feet. Situated on a corner lot measuring 50 x 60, the property is zoned CR. Previously used as a bar, barbershop, and hairdresser salon, this building presents opportunities for various business ventures. The owner is currently working on the building's interior and exterior. A new roof covering is being installed as of January 16, 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Point
    County
    Coos
    State
    Oregon
    Longitude
    -124.141722
    Latitude
    43.064864

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    FAQs

    What type of property is this?
    Storefront property - Commercial building with three storefronts in downtown Myrtle Point.
    Where is this storefront property located?
    The property is located at 502 Spruce St Myrtle Point, OR.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Prime downtown Myrtle Point location.; - Three separate storefronts offer income potential.; - New roof covering being installed (as of January 16, 2025).
    (541) 559-0111
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    502 Spruce St Myrtle Point, OR 97458
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    502 Spruce St Myrtle Point, OR 97458
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