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 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.

Features

Heating System:: Central, Forced Air, Ductless
Cooling System:: Central Air, Ductless
Patio:: Patio, Covered, Porch, Deck, Screened, Enclosed, Awning(s)
Parking:: Driveway, Parking Lot, Parking Garage
Flooring:: Vinyl, Laminate
Sewer:: Public Sewer
Utilities:: Cable Available, Natural Gas
Waterfront Features:: None
Window Features:: Storm Window(s), Window Treatments, Display Window(s)

Appliances

Appliances:: Refrigerator, Electric Cooktop, Dishwasher, Microwave, Oven, Gas Cooktop, Bar Fridge, Disposal, Double Oven, Freezer, Indoor Grill, Dryer, Exhaust Hood, Plumbed For Ice Maker, Wine Refrigerator, Down Draft, Warming Drawer, Convection Oven, Ice Maker, Refrigerator with Ice Maker, Convection Microwave

Address Map

Country:: US
State:: NC
County:: Mitchell
City:: Spruce Pine
Zipcode:: 28777
Street:: Oak
Street Number:: 670
Street Suffix:: Avenue
Longitude:: W83° 56' 15.9''
Latitude:: N35° 54' 56.1''
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.
Zoning:: C

MLS Addon

Office Name:: Elevate Land & Realty LLC
Agent Name:: Chris Cornett
TaxAnnualAmount:: $0
TaxAssessedValue:: $0
AssociationFee:: $0

Additional Information

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
Construction Materials:: Wood, Vinyl
Foundation Details:: Slab
Lot Features:: Level, Corner Lot, Open Lot
Lot Size Dimensions:: 115' x 300'
Possible Use:: Commercial
Previous Price:: 1375000
Water Source:: City