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    FOR SALE
    Retail space

    431 Spruce St, Myrtle Point, OR 97458

    2,832 SF 0.11 ac lot Built 1927
    Entity Owned Absentee Owner ~ Est. High Equity
    Property ID
    US71-1556069
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1927
    Total area 2,832 SF
    Lot 0.11 ac (4,792 SF)
    Zoning code CR
    APN 29 S 12 W 08 DD 7801
    UPID US71-1556069
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Smith Chavez LLC
    Smith Chavez LLC
    since 2026
    Last sale
    $48,000
    3 recorded transactions
    2026
    $48,000
    2026
    $75,000
    2024
    $48,000
    Zoning & alternative use
    CR · Myrtle Point, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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