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    FOR SALE
    Bars & Pubs

    502 Spruce St, Myrtle Point, OR 97458

    3,000 SF Built 1950
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US71-0544505
    502 Spruce St, Myrtle Point, OR 97458 For Sale
    $250,000 3,000 SF
    502 Spruce St, Myrtle Point, OR 97458
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    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Bars & Pubs
    Use group BAR, TAVERN
    Year built 1950
    Total area 3,000 SF
    Zoning code CR
    APN 29 S 12 W 09 CC 4000
    UPID US71-0544505
    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
    Bjorklund LLC · 5 yrs held
    Bjorklund LLC
    since 2020
    Last sale
    $80,293
    4 recorded transactions
    2020
    $80,293
    2018
    $125,000
    2016
    2016
    Zoning & alternative use
    CR · Myrtle Point, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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