$1,275,000
670 Oak Ave, Spruce Pine, NC 28777
0 bed · 3 bath
0
bedrooms
3
baths
N/A
sq.ft.
N/A
price per sf
Presented by Citadel Cofield · Office (980) 272-8547
About This Property
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.
LISTING COURTESY OF: ELEVATE LAND & REALTY LLC
828-504-0437
About the Neighborhood
Looking for the perfect Commercial Sale in Spruce Pine? The 28777 zip code offers a unique blend of local amenities, convenient transit, and community charm, making it a fantastic area to call home. Reach out to learn more about the local real estate market in this specific neighborhood.
Property Features
Property Description
- Bathrooms: 3 Full
- Year Built: 1950
- New Construction: No
- MLS #: 4386676
Association
- HOA Required: No
Utilities
- Cable Available
- Natural Gas
Interior Features
- Heating: Central, Ductless, Forced Air
- Cooling: Central Air, Ductless
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 Ice Maker
- Refrigerator
- Refrigerator with Ice Maker
- Warming Drawer
- Wine Refrigerator
Construction Materials
- Vinyl
- Wood
- Foundation: Slab
- Roof: Metal, Rubber
Cooling
- Central Air
- Ductless
Foundation Details
- Slab
Heating
- Central
- Ductless
- Forced Air
Parking Features
- Driveway
- Parking Garage
- Parking Lot
- Covered Spaces: 15
Exterior Features
- Patio/Porch: Awning(s), Covered, Deck, Enclosed, Patio, Porch, Screened
Road
- Road Responsibility: Publicly Maintained Road
- Road Surface Type: Paved
Sewer
- Public Sewer
WaterSource
- City
View
- City
Security Features
- Security System
- Smoke Detector(s)
Flooring
- Laminate
- Vinyl
Window Features
- Display Window(s)
- Storm Window(s)
- Window Treatments
Tax and Financial Info
- Listing Terms: Cash
Location
Similar homes nearby
$1,275,000
Est. Payment: $6,553/mo
Illustrative estimate only, not an offer of credit. Assumes 20% down and a 30-year fixed loan at 6.5%, plus estimated property tax, insurance, and HOA. Actual rate, APR, and payment will vary.
Adjust down payment, rate & terms
Spruce Pine, NC 28777
0
bedrooms
3
baths
N/A
sq.ft.
N/A
price per sf
Presented By
Carnarri Cofield
REALTOR®
Office: (980) 272-8547
Listings courtesy of Canopy MLS as distributed by MLS GRID.
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Citadel Cofield, its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided.
Listing Courtesy of Elevate Land & Realty LLC
Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable but not guaranteed. Equal Housing Opportunity.
Listing information © 2026 Canopy MLS. All rights reserved.