MLS#4386676
STATUSActive
PROPERTY TYPECommercial - Business
Property 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 OpportunityOwn 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 Features
Property Type: Commercial - Business
Heating: Central, Ductless, Forced Air
Lot Size: 0.64 Acres
Roof Type: Metal, Rubber
Year Built: 1950
Feature Descriptions
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
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
Building Features: Front Elevation
Exterior: Vinyl, Wood
Flood Plain: No
Flooring: Laminate, Vinyl
Foundation: Slab
Lot: Corner Lot, Level, Open Lot
Lot Dimensions: 115' x 300'
Other Parking: Ample parking available both under the curbside curbside awning as well as the uncovered parking lot.
Parcel#: 0890-18-32-2096
Parking: Driveway, Parking Garage, Parking Lot
Patio/Porch: Awning(s), Covered, Deck, Enclosed, Patio, Porch, Screened
Security: Security System, Smoke Detector(s)
Security: yes
Sewer: Public Sewer
Special View Info: City
Utilities: Cable Available, Natural Gas
Water: City
Window Features: Display Window(s), Storm Window(s), Window Treatments
Listed By / Shown By
Listed By
Agency Name: Elevate Land & Realty LLC
Agency Contact: 828-504-0437
Shown By
Agency Title: Lake Norman Realty
Agency Phone: 704-450-1175
670 Oak Avenue | MLS# 4386676
This commercial property located at 670 Oak Avenue , Spruce Pine, NC 28777 is currently listed for sale with an asking price of $1,375,000. Search Spruce Pine real estate on www.lakenormanrealty.com today.