670 Oak Avenue, Spruce Pine, North Carolina 28777

  • $1,375,000

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.

  • Address: 670 Oak Avenue
  • City: Spruce Pine
  • State/county: NC
  • Zip/Postal Code: 28777

Details

Updated on May 27, 2026 at 8:01 pm
  • Property ID 4386676
  • Price $1,375,000
  • Bathrooms 3
  • Year Built 1950
  • Property Type Food/Beverage, Commercial Sale
  • Property Status Active, For Sale

Additional details

  • Listing Terms Cash
  • Roof Metal, Rubber
  • Utilities Cable Available, Natural Gas
  • Sewer Public Sewer
  • Cooling Central Air, Ductless
  • Heating Central, Ductless, Forced Air
  • Flooring Laminate, Vinyl
  • County Mitchell
  • Property Type Commercial Sale
  • Parking Driveway, Parking Garage, Parking Lot
  • Waterfront None

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Contact Information

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The Simpson Group Realty
  • The Simpson Group Realty

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