670 Oak Avenue Spruce Pine, NC $ 1,275,000
670 Oak Avenue
$ 1,275,000
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670 Oak Avenue

Spruce Pine, NC, 28777
$ 1,275,000
Bedrooms-- Baths3.0

Monthly Estimate*

$ 8,806

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Commercial Property for sale in Spruce Pine, NC

for $1,275,000 with 3 full baths. This building was built in 1950 on a lot size of 0.64.

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.

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Commercial Active

Price

$ 1,275,000

Full Bath

3

Property Type

Commercial

Taxes

$ 0

Style

Food/Beverage

Lot Size

0.64

Year Built

1950

Town/City

Spruce Pine

County/Region

Mitchell

MLS | Web ID

4386676

Features
General
Sewer Public Sewer
Heating Central Ductless Forced Air
Cooling Central Air Ductless
Utilities Cable Available Natural Gas
Roof Metal Rubber
Appliances 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 Ic
Development Status Completed
Zoning C
Patio/Porch Features Awning(s) Covered Deck Enclosed Patio Porch Screened
Security Features Security System Smoke Detector(s)
Construction Materials Vinyl Wood
Year Built 1950
View City
Property Subtype Food/Beverage
Parcel Number 0890-18-32-2096
Elevation 2500
Waterfront Features None
Accessibility Two or More Access Exits Bath 60 Inch Turning Radius Bath Grab Bars Bath Low Mirrors Bath Raised Toilet Lever Door Handles Entry Slope less than 1 foot Hall Width 36 Inches or More
County Mitchell
New Construction N
Property Type Commercial Sale
HOA N
Possible Use Commercial
Building Features Front Elevation
Directions From US Hwy 19E turn onto Ward Street to Oak Avenue. Turn Left on Oak Avenue and City Drive In / 670 on Oak Tavern and Grille will be immediately on your left.
City Spruce Pine
Senior Community Y/N N
Open Parking Spaces 35
Lot Size Units Acres
Carport Y/N N
Additional Parcels Y/N N
Lease Considered Y/N Y
Standard Status Active
Construction Type Site Built
Restrictions No Representation
Tax Assessed Value 230500
Listing Terms Cash
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Interior
Flooring Laminate Vinyl
Basement (Y/N) N
Window Features Display Window(s) Storm Window(s) Window Treatments
Below Grade Finished Area 0
Total Baths 3
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Exterior
Parking Features Driveway Parking Garage Parking Lot
Lot Features Corner Lot Level Open Lot
Water Source City
Total Parking 50
Inclusions Building Business Equipment Fixtures Land Licenses
Lot Size Area 0.64
Foundation Details Slab
Number of Buildings 4
Lot Dimensions 115' x 300'
Road Surface Type Paved
Other Parking Ample parking available both under the curbside curbside awning as well as the uncovered parking lot.
Covered Spaces 15
Road Frontage Type City Street Highway
Road Responsibility Publicly Maintained Road
Road Frontage 300
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Internal Only
Street Number 1 670
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* Excluded Features
List By
Elevate Land & Realty Llc

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$8,806
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Monthly Principal & Interest
$8,806
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/10/2026$1,275,000 -7.27% Price Down
5/27/2026$1,375,000 Listed Price

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670 Oak Avenue, Spruce Pine, NC, 28777 is a Commercial Property for sale at $1,275,000 with a lot size of 0.64. 670 Oak Avenue has 3.0 baths and was built in 1950. The property's zip code is 28777 which is in Spruce Pine, NC