670 Oak Avenue, Spruce Pine, NC 28777
- $1,275,000
- 3
- BA
- List Price
- $1,275,000
- MLS#
- 4386676
- Status
- ACTIVE
- Property Type
- Commercial Sale
- Year Built
- 1950
- Price Change
- ▼ $100,000 1783661057
- Days on Market
- 64
- Bathrooms
- 3
- Lot Size
- 27,878
- Lot Size Area
- 0.64
- County
- Mitchell
Property Description
75 Years of History Available for the First time in Decades! The Iconic Citi Drive-In/670 on Oak Tavern and Grille: A Rare Legacy Opportunity Own a Piece of History—While You Make Your Own. For the first time in decades, the legendary City Drive-In/670 on Oak Tavern and Grille is available for acquisition. A cornerstone of the community for over 75 years, this is a rare, turn-key, and highly profitable enterprise. This offering is a comprehensive package, including the prime real estate and over $230,000 in tangible assets. Asset list is attached. Location & Real Estate: -Situated in a high-visibility corridor with a steady traffic count of 4,800 vehicles daily, this property offers consistent exposure to both local residents and passing travelers. The sale includes the land and the multi-building facility, ensuring your investment is backed by significant real estate value. The Multi-Faceted Facility: -The Original Grill: The heart of the operation, housing the main kitchen, counter service, and high-traffic takeout. -670 Oak Avenue: The expansive indoor dining venue featuring a full-service bar. All ABC permits are current and in place. -The Awning: Preserving the classic Americana experience with traditional curbside dining. -The Entertainment Hub: A dedicated area for live music, appetizers, and cocktails. Proven Revenue Streams -Established Event Venue: The primary destination for regional festivals, car/bike shows, and wedding receptions. -Full-Scale Catering: A robust service line for corporate meetings, community events, and weddings. -Weekly Staples: High-engagement programming including Karaoke and Trivia nights. Investment Highlights -Total Asset Inclusion: Sale includes all real estate and over $230,000 in equipment and assets. -Turn-Key Operation: Move forward immediately with all equipment, ABC permits, and branding in place. -75+ Year Legacy: Benefit from immense brand equity and a loyal, multi-generational customer base. Note: Financials are available. A signed NDA is required before showing and any financial information is released.
Additional Information
- Floor Coverings
- Laminate, Vinyl
- Equipment
- Bar Fridge, Convection Microwave, Convection Oven, Dishwasher, Disposal, Double Oven, Down Draft, Dryer, Electric Cooktop, Exhaust Hood, Freezer, Gas Cooktop, Indoor Grill, Ice Maker, Microwave, Oven, Plumbed For Ice Maker, Refrigerator, Refrigerator with Ice Maker, Warming Drawer, Wine Refrigerator
- Foundation
- Slab
- Heating
- Central, Ductless, Forced Air
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Vinyl, Wood
- Roof
- Metal, Rubber
- Parking
- Driveway, Parking Garage, Parking Lot
- Driveway
- Paved
- Lot Description
- Corner Lot, Level, Open Lot
- Zoning
- C
- Special Conditions
- None
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Listing courtesy of Elevate Land & Realty LLC. 828-504-0437
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