502 Spruce St, Myrtle Point, OR 97458
For Sale
This exceptional retail opportunity in downtown Myrtle Point, Oregon presents three vacant storefronts totaling 3,000 square feet, ideal for a variety of uses. Located at 502 Spruce St, this property boasts a prime corner lot measuring approximately 50 x 60 feet (3,000-4,999 sq ft total lot size), ensuring high visibility and accessibility. The building, constructed in 1950, is currently undergoing interior and exterior renovations by the owner. Previously occupied by a bar, barbershop, and hair salon, the versatile space offers significant potential for diverse businesses. Each of the three units provides ample space for individual operations or a cohesive business model. The property is zoned CR, allowing for a range of commercial uses. Priced at $180,000 ($60/sq ft), this represents a compelling investment opportunity with strong potential for rental income or owner-occupied ventures. The APN is 3462400. Don't miss this chance to establish your business in a thriving downtown location.
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.