Listing Courtesy of: Pacific Coast Real Estate & Development, LLC
Listing Agent: Joseph Aguirre
541-808-3297
EXCELLENT INVESTMENT & REDEVELOPMENT OPPORTUNITY! The Steel Penny Bar & Restaurant in Myrtle Point, Oregon, offers tremendous potential for investors, entrepreneurs, or restaurateurs looking for a value-add project in a great location. This spacious property features a versatile floor plan with the potential to accommodate two separate businesses, a commercial kitchen area, banquet room, expansive dining area, space for video lottery, and two beautiful vintage bars. Attractive tilework, flooring, and original character provide a great foundation for restoration. While the property requires substantial renovations and improvements, the possibilities are endless for the right buyer with vision. Bring this once-popular establishment back to life or reimagine the space for an entirely new concept. PRICED TO SELL! Bring your ideas and take advantage of this unique investment opportunity! This is a cash-only, as-is sale. Financed offers will not be considered.
| Listing Id: | 289667317 |
|---|---|
| List Price: | $150,000 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Commercial |
| Status: | Active |
| Bank Owned Yn: | No |
| Building Area Total: | 4,500 |
| Tax Annual Amount: | $4,086 |
| Waterfront?: | No |
| City: | Myrtle Point |
| County Or Parish: | Coos |
| Postal Code: | 97458 |
| Year Built: | 1960 |
| Basement: | False |
| Commercial Features: | Sign |
| Construction Materials: | Block, WoodFrame |
| Country: | US |
| Current Use: | Restaurant and Tavern |
| Directions: | Spruce St to Address |
| Existing Lease Type: | None |
| Fuel Description: | Electricity |
| Heating: | Other |
| Hot Sheet Date: | 2026-10-16 |
| Listing Contract Date: | 2026-10-16 |
| Listing Service: | Full Service |
| Listing Terms: | Cash |
| Lot Size Dimensions: | 50X95 |
| Lot Size Range: | SqFt3000to4999 |
| MLS Area Major: | _260 |
| Number Of Buildings: | 1 |
| Occupancy Types: | Vacant |
| Offer Instructions: | Call Sellers Agent |
| Original List Price: | $150,000 |
| Parcel Number: | 3464500 |
| Parking Features: | On Street |
| Price Type: | List Price |
| Property Condition: | Approximately |
| Road Surface Type: | Paved |
| Roof: | Metal |
| Sale Includes: | Building and Land |
| Sewer: | Public Sewer |
| Status: | Active |
| State Or Province: | OR |
| Stories: | 1 |
| Tax Legal Description: | 29-12-16 BB TL2500 |
| Tax Year: | 2025 |
| View Description: | City |
| View?: | Yes |
| Water Source: | Public Water |
| Zoning: | C |
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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than The Neil Company Real Estate are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon.
This content last updated on October 17, 2026 01:01 AM - PT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
All information is believed accurate but not guaranteed.
Property Last Updated: October 17, 2026 01:01 AM - PT
