670 Oak Avenue
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$1,375,000
Community: Spruce Pine in Mitchell County
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.
Listed by Elevate Land & Realty LLC
Attribution: 828-504-0437
Attribution: 828-504-0437
Original Listing Price:
1,375,000
MLS #: 4386676
Listing Status: Active
Days on Market: 33
Buying Firm Commission: Test
Based on information submitted to the MLS GRID as of 2026-06-30 at 12:15PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Map
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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.
Disclaimer: The map service includes search results such as listings and related information provided by third parties. Walnut Cove Realty makes no representations or warranties regarding the accuracy or completeness of the information provided by these third parties.
Property Features
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Basement/Foundation: Slab
Water: City
Year Built: 1950
Roof: Metal,Rubber
Sewer: Public Sewer
Floors: Laminate,Vinyl
Cooling: Central Air,Ductless
Lot Description: Corner Lot,Level,Open Lot
Heating/Cooling: Central,Ductless,Forced Air
Garage/Carport: Driveway,Parking Garage,Parking Lot
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