431 Spruce StMyrtle Point, OR 97458

Property Details for 431 Spruce St

Year built

1927

Lot size

0.11 AC

Property size (Sq ft)

2,832 SF

Zone code

CR

Property type

Retail space

APN

29 S 12 W 08 DD 7801

APU

29S12W08DD7801

Description

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 approach

  CAP return

  Valuation

  6%

  $819,824

  6.5%

  $756,761

  7%

  $702,706

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,828,621

  Geo Method

  $1,828,621

• Alternative Use

  Use

  Valuation

  Residential

  $638,356

  Hospitality

  $584,731

  Educational

  $486,489

  Medical

  $503,220

  Retail

  $756,761

Location Insight

City

Myrtle Point

County

Coos

State

Oregon

Latitude

43.0653

Longitude

-124.142

CBSA code

18300

CBSA name

COOS BAY, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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