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
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Address: 670 Oak Avenue
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City: Spruce Pine
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State/county: NC
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Zip/Postal Code: 28777
Details
Updated on May 27, 2026 at 8:01 pm-
Property ID 4386676
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Price $1,375,000
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Bathrooms 3
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Year Built 1950
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Property Type Food/Beverage, Commercial Sale
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Property Status Active, For Sale
Additional details
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Listing Terms Cash
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Roof Metal, Rubber
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Utilities Cable Available, Natural Gas
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Sewer Public Sewer
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Cooling Central Air, Ductless
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Heating Central, Ductless, Forced Air
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Flooring Laminate, Vinyl
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County Mitchell
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Property Type Commercial Sale
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Parking Driveway, Parking Garage, Parking Lot
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Waterfront None
Mortgage Calculator
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Down Payment
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Loan Amount
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Property Tax
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Home Insurance
Contact Information
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