Penn is an unincorporated community and former railway station in Lane County, in the U.S. state of Oregon. It was named for the Penn Timber Company, which operated in the vicinity. Penn lies along Penn Road between Walton and Flagg in the Central Oregon Coast Range east of Florence. Wildcat Creek, a tributary of the Siuslaw River, flows by Pe…Penn is an unincorporated community and former railway station in Lane County, in the U.S. state of Oregon. It was named for the Penn Timber Company, which operated in the vicinity. Penn lies along Penn Road between Walton and Flagg in the Central Oregon Coast Range east of Florence. Wildcat Creek, a tributary of the Siuslaw River, flows by Penn.