431 Spruce St, Myrtle Point, OR 97458
This exceptional commercial property located at 431 Spruce Street in Myrtle Point, Oregon, presents a fantastic opportunity for both investors and business owners. The property encompasses a substantial 2,832 square feet of retail space situated on a 0.1-acre lot. Its prime location in the heart of Myrtle Point offers excellent visibility and accessibility for customers. The property's versatility allows for a variety of uses, making it ideal for establishing a new business or expanding an existing one. Alternatively, the property presents a strong potential for rental income generation. The single-unit structure offers two potential storefront spaces, maximizing its revenue potential. The asking price is $125,000, and owner financing options may be available with 50% down payment, subject to credit approval and terms. This property is situated in Coos County, Oregon, with the zip code 97458. The property's geographic coordinates are latitude 43.0653026 and longitude -124.1421081. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Oregon community. Don't miss out on this chance to secure a valuable asset with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
CR · Myrtle Point, ORMyrtle Point. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.