670 Oak AVE Spruce Pine, NC 28777
UPDATED:
Key Details
Property Type Commercial
Sub Type Food/Beverage
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4386676
Construction Status Completed
Year Built 1950
Lot Size 0.640 Acres
Acres 0.64
Lot Dimensions 115' x 300'
Property Sub-Type Food/Beverage
Property Description
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.
Location
State NC
County Mitchell
Zoning Commercial
Interior
Heating Central, Ductless, Forced Air
Cooling Central Air, Ductless
Flooring Laminate, Vinyl
Inclusions Building, Business, Equipment, Fixtures, Land, Licenses
Appliance 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
Exterior
Utilities Available Cable Available, Natural Gas
Waterfront Description None
View City
Roof Type Metal,Rubber
Street Surface Paved
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
Porch Awning(s), Covered, Deck, Enclosed, Patio, Porch, Screened
Total Parking Spaces 50
Building
Lot Description Corner Lot, Level, Open Lot
Dwelling Type Site Built
Foundation Slab
Sewer Public Sewer
Water City
Structure Type Vinyl,Wood
New Construction false
Construction Status Completed
Others
Senior Community false
Restrictions No Representation
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
GET MORE INFORMATION
Agent | License ID: NC 251041|SC 66174
+1(704) 575-2736 | info@inspiredlivingrepros.com