670 Oak Avenue
Spruce Pine, NC 28777
Est. $7,329/mo — See my rate
About This Home
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.
Property Details
Interior Details
- Heating
- Central
- Ductless
- Forced Air
- Flooring
- Laminate
- Vinyl
- Inclusions
- Building
- Business
- Equipment
- Fixtures
- Land
- Licenses
- Total Bathrooms
- 3
- Window Features
- Display Window(s)
- Storm Window(s)
- Window Treatments
- Sqftmaximumlease
- 0.00
- Sqftminimumlease
- 0.00
- Security Features
- Security System
- Smoke Detector(s)
- Sqftavailablemaximum
- 3430
- Sqftavailableminimum
- 3430
Dwelling And Structure
- Building Features
- Front Elevation
- Accessibility Features
- 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
Square Footage And Levels
- Below Grade Finished Area
- 0
Parking And Garage
- Open Parking
- true
- Covered Spaces
- 15
- Parking Features
- Driveway
- Parking Garage
- Parking Lot
- Open Parking Spaces
- 35
- Total Parking Spaces
- 50
Exterior Features
- Roof
- Metal
- Rubber
- Construction Materials
- Vinyl
- Wood
- Patio And Porch Features
- Awning(s)
- Covered
- Deck
- Enclosed
- Patio
- Porch
- Screened
Lot And Land
- Lot Features
- Corner Lot
- Level
- Open Lot
- Lot Size Acres
- 0.64
- Lot Size Units
- Acres
- Lot Size Dimensions
- 115' x 300'
Basement And Foundation
- Foundation Details
- Slab
Waterfront And View
- View
- City
- Waterfront Features
- None
Utilities
- Sewer
- Public Sewer
- Utilities
- Cable Available
- Natural Gas
- Water Source
- City
Financial Information
- Citytaxespaidto
- Spruce Pine
- Hoasubjecttodues
- No
- Proposedspecialassessmentyn
- 0
- Proposedspecialassessmentdescription
- 0
Zoning And Restrictions
- Zoningspecification
- Commercial
Multi Unit Details
- Number Of Buildings
- 4
Listed by Chris Cornett (828-504-0437) · Elevate Land & Realty LLC (828-963-2930)
Location
- Address
- 670 Oak Avenue
- City
- Spruce Pine, NC 28777
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