670 Oak Avenue, Spruce Pine, NC 28777
Mitchell County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Year Built
1950
Lot Dimensions
115' x 300'
Parking Spaces
50
Zoning
C
Days on Market
43
MLS® Listing#
4386676
Property Features
Appliances
Cooling
Heating
Flooring
Parking
Patio
Lot Features
Foundation
Roof
Windows
Security
Utilities
Sewer
Water Source
Financial Details
HOA
None
Assessed Value
$230,500
Parcel Number
0890-18-32-2096
Directions
From US Hwy 19E turn onto Ward Street to Oak Avenue. Turn Left on Oak Avenue and City Drive In / 670 on Oak Tavern and Grille will be immediately on your left.
Affordability Calculator
$255,000
Estimated monthly payment
$6,786/mo
Principal $1,020,000 · Est. interest $1,422,991 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Spruce Pine, NC
- $431,818
- Median Listing Price
- 91
- Median Days on Market
- 1,624
- Median Sq Ft
- $278
- Median Price / Sq Ft
- 113
- Active Listings
- This home’s price is 195% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Spruce Pine, NC.
Location
Points of Interest in Spruce Pine, NC
Showing the Spruce Pine area map.
Nearby Schools
Spruce Pine Montessori School
Elementary · 0.3 mi away
Tri-County Christian School
School · 0.4 mi away
Harris Middle School
Secondary · 1.4 mi away
Deyton Elementary School
Elementary · 1.6 mi away
Greenlee Primary School
Elementary · 2.2 mi away
Mayland Early College
Secondary School · 2.8 mi away
Bethel Christian Academy
School · 3.3 mi away
Mitchell County Schools
School · 4.6 mi away
Mitchell High School
Secondary · 4.9 mi away
Riverside Elementary School
Elementary · 5.6 mi away
Bowman Middle School
Secondary · 8.4 mi away
Gouge Elementary School
Elementary · 8.4 mi away
Micaville Elementary School
Elementary · 8.7 mi away
North Cove Elementary School
Elementary · 8.9 mi away
Arthur Morgan School
Secondary · 9.3 mi away
Crossnore School
School · 10.6 mi away
Crossnore Elementary School
Elementary · 10.8 mi away
East Yancey Middle School
Secondary · 11.0 mi away
Burnsville Elementary
Elementary · 11.1 mi away
Yancey NC
School · 13.0 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 518 Egret Lake Drive, Pine Knoll Shores, NC | $895,000 | 3 | 3 | 2,576 |
| 111 Ocean Shore Lane, Pine Knoll Shores, NC | $899,900 | — | — | — |
| 1305 Halltown Road, Spruce Pine, NC | $900,000 | 3 | 1 | 1,028 |
| 301 Salter Path Road 12 Genesis, Pine Knoll Shores, NC | $925,000 | 3 | 4 | 2,102 |
| 106 Lot 6 6 Roosevelt Reserve Park Avenue, Pine Knoll Shores, NC | $950,000 | — | — | — |
| 183 Mayfly Court, Spruce Pine, NC | $959,000 | 3 | 3 | 2,300 |
Moving Cost Estimate
EXIT Agents in Spruce Pine
Listing Courtesy: Elevate Land & Realty LLC - 828-504-0437
Last Updated: 2026-05-27
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