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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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670 Oak Ave , Spruce Pine, NC 28777
$1,275,000
Est. Payment: $2,833.33/mo
0 Bed
3 Bath
0 Sqft
Status: Active | Days on site: 43
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R01017 - R55959
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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.
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Highlights

Listed by Chris Cornett , 828-504-0437 Elevate Land & Realty LLC , 828-963-2930.

Property Type

Commercial Sale
Lot/Acreage
0.64

Year Built

1950

County

Mitchell

Listing ID

4386676

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:
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
Air Cond:Central Air,Ductless
Fireplaces:
Floor:Laminate,Vinyl
Below Ground Sq Ft:0
Water:City

Exterior Features

Lot:Corner Lot,Level,Open Lot
Lot Dimensions:115' x 300'
Garage Capacity:50
Zoning:C
Roof:Metal,Rubber
Sewer:Public Sewer
Parking Features:Driveway,Parking Garage,Parking Lot
Principal Interest
$2,833
Taxes
$813

Home Price

$1,275,000

Loan Details

30 yrs
%

Down Payment

20%
$255,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,833.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,833.33 $812.81 $0.00 $3,646.15
Yearly $34,000.00 $9,753.75 $0.00 $43,753.75
Total $1,020,000.00 $292,612.50 $0.00 $1,312,612.50

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Spruce Pine, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.