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Three-Story Mixed-Use Building
For Sale
$1,400,000

69 Locust Street, Spruce Pine, NC 28777

Street-level entrances on Oak Avenue and Locust Street provide access from both levels of downtown.

Property SizeContact for details
Days on Market8

Property Features for 69 Locust Street

General Information

Standard status Active
Property subtype Commercial

Site & Location

Road Access Yes
Utilities to Site Yes

Restaurant

Grease Trap Yes
Patio Yes

Additional Details

Sprinkler System Yes

Amenities

privately owned green space
outdoor patios
historic wrought iron details
vintage-inspired street lighting
gathering areas
walk-in cooler systems
grease trap
commercial ventilation
outdoor dining spaces with natural gas heaters

Building Details

Year Built 1945
Buildings 1
Stories 3
Construction brick
Listing Agency: Proper Realty LLC
Listed By: Kelly Pittman Jones · License #303741
Source: Geoffcampbell
Added: Oct 23 Changed: Oct 25 Last Checked: Oct 29 at 10:58PM

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 Proper Realty LLC

Rey
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Investment Insights

Based on property information with market context.

This three-story brick mixed-use building has street-level access from Oak Avenue and Locust Street and connects the upper and lower portions of downtown. A privately owned green space, outdoor patios, gathering areas, wrought iron details, and vintage-style street lighting add exterior features. Building systems and improvements include an insulated pitched TPO roof, updated electrical and plumbing, HVAC equipment, on-demand water heaters, tempered storefront glass, fire suppression, monitored alarms, and water filtration upgrades.

The lower level has food-service infrastructure, including walk-in cooler systems, a grease trap, and commercial ventilation. Outdoor dining areas are equipped with natural gas heaters.

Key Highlights

  • Three‑story brick building with entrances on Oak Avenue and Locust Street
  • Connects the upper and lower levels of downtown
  • Privately owned green space, patios, and gathering areas

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

live oak gastropub Restaurant

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Storage Facility HVAC Service (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Sprinkler system
Yes
Paved road access
Yes
Utilities to site
Yes
Grease trap

Location Intelligence

Trade Area within ½ mile

491
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Street-level entrances on Oak Avenue and Locust Street provide access from both levels of downtown.
Where is this mixed-use property located?
The property is located at 69 Locust Street Spruce Pine, NC.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Three‑story brick building with entrances on Oak Avenue and Locust Street; Connects the upper and lower levels of downtown; Privately owned green space, patios, and gathering areas
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