Turn-Key Restaurant and Event
For Sale
$1,275,000
670 Oak Ave, Spruce Pine, NC 28777
Multi-building drive-in/grill concept with indoor dining and a full-service bar, with current ABC permits.
Days on Market65
Property Features for 670 Oak Ave
General Information
Standard status
Active
Additional Details
Business Included
Yes
Traffic Count
4,800 vehicles/day
Liquor License
Yes
Listing Agency:
Elevate Land & Realty LLC
(828) 504-0437
Listed By:
Chris Cornett
(828) 504-0437
Source:
Exprealty
Added: May 27
Changed: Jul 28
Last Checked: Jul 29 at 5:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elevate Land & Realty LLC
Investment Insights
Based on property information with market context.
Offered for sale for the first time in decades, this iconic City Drive-In/670 on Oak Avenue presents a turn-key restaurant and event operation with documented local history spanning more than 75 years. The package includes the land and a multi-building facility, along with over $230,000 in tangible assets and equipment (asset list available upon request). The operation features the original grill with main kitchen and counter service, an expansive indoor dining space with a full-service bar, a preserved awning for classic curbside dining, and an entertainment hub designed for live music, appetizers, and cocktails. Current ABC permits are in place, and the sale includes the required approvals/branding to support immediate continuity.
The property is located on a high-visibility corridor with a stated traffic count of 4,800 vehicles daily, serving both local residents and passing travelers.
Revenue is supported through an established event venue calendar (regional festivals, car/bike shows, and wedding receptions), full-scale catering for corporate meetings, community events, and weddings, and weekly programming including karaoke and trivia nights. Financial information is available with a signed NDA prior to showing.
The property is located on a high-visibility corridor with a stated traffic count of 4,800 vehicles daily, serving both local residents and passing travelers.
Revenue is supported through an established event venue calendar (regional festivals, car/bike shows, and wedding receptions), full-scale catering for corporate meetings, community events, and weddings, and weekly programming including karaoke and trivia nights. Financial information is available with a signed NDA prior to showing.
Key Highlights
- City Drive‑In/670 on Oak Tavern and Grille available for acquisition for the first time in decades; cornerstone of the community for 75+ years
- Includes all real estate (land and multi‑building facility) plus over $230,000 in equipment and assets
- Multi‑building setup with original grill kitchen/counter service and separate indoor dining at 670 Oak Avenue with a full‑service bar
Property Analytics
Current Use
Lease Details
4,800 VPD
Traffic count
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28777, NC
10,635
Population
4,949
Households
2.1
Avg Household Size
45
Median Age
19%
College-Educated
88%
High-School Grad
71.8 sq mi
ZIP Area
148
Density / Sq Mi
$62,399
Median Household Income
$36,774
Median Earnings
$686
Median Rent
$206,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Multi-building drive-in/grill concept with indoor dining and a full-service bar, with current ABC permits.
Where is this conventional restaurant located?
The property is located at 670 Oak Ave Spruce Pine, NC.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: City Drive‑In/670 on Oak Tavern and Grille available for acquisition for the first time in decades; cornerstone of the community for 75+ years; Includes all real estate (land and multi‑building facility) plus over $230,000 in equipment and assets; Multi‑building setup with original grill kitchen/counter service and separate indoor dining at 670 Oak Avenue with a full‑service bar
