Own the "Front Porch" of Spruce Pine – A 75-Year Historic Legacy
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Turnkey Opportunity-The Iconic City Drive In @ 670 Oak Ave is For Sale
The Iconic Citi Drive-In: 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 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: A signed NDA is required before showing and any financial information is released.
Own a Piece of History—While You Make Your Own.
For the first time in decades, the legendary City Drive-In 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: A signed NDA is required before showing and any financial information is released.
About the Business
- Years in Operation
- 76
- Employees
- 18 (5 Full-time, 13 Part-time)
- Facilities & Assets
- The grill area houses the commercial kitchen, refrigeration, and counter-service space for takeout orders. The drive-in “curb” area provides convenient curbside service for customers.
670 Oak Avenue also features indoor dining with a full-service bar area, along with patio seating and an entertainment stage where guests can enjoy cocktails or beer while listening to live music. Additional outdoor seating includes picnic tables, creating a relaxed and inviting atmosphere. The facility is equipped with three restrooms to accommodate guests comfortably.
Current assets total more than $234,000, with the asset list attached. The sale also includes the real estate valued at over $800,000. The property offers a prime location with strong visibility and high traffic counts. - Website
- https://listings.wncrealestatephotography.com/sites/670-oak-ave-spruce-pine-nc-2
- Market Outlook / Competition
- The Tri-County area of Avery, Mitchell, and Yancey offers an exceptional place to live, work, and invest. Spruce Pine continues to experience steady growth and has become a sought-after destination for both visitors and businesses alike.
Just minutes away, the newly renovated Grassy Creek Golf Course adds to the area’s appeal, while the new YMCA of Mitchell County located just behind the City Drive-In brings consistent local traffic and community engagement. Mayland Community College is only a few miles away.
Throughout the year, Spruce Pine hosts a variety of festivals and events, providing excellent visibility and additional revenue opportunities for local businesses. Despite this growth, competition remains limited—aside from a handful of Mexican restaurants within a 10-mile radius, the market offers a unique opportunity with minimal direct competition. - Opportunities for Growth
- The City Drive-In is currently open Monday through Saturday, with breakfast service offered only on Saturdays—leaving significant room for revenue growth. Expanding hours to include Sunday operations would provide the community with an additional dining option while capturing untapped weekend traffic.
Introducing daily breakfast service presents another strong opportunity to increase sales and build a consistent morning customer base.
In addition, the property is well-positioned to expand its event and entertainment offerings. Potential opportunities include hosting car and bike shows, wedding receptions, festivals, private parties, showers, karaoke nights, and trivia events. These activities not only generate additional revenue streams but also enhance community engagement and repeat business.
With its existing layout, prime location, and established reputation, the City Drive-In offers multiple avenues for both immediate and long-term growth.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 3,400
About the Sale
- Seller Motivation
- Owners are wanting to retire, enjoy their grandchildren and travel.
- Transition Support
- The current husband-and-wife ownership team is willing to remain on for a mutually agreed-upon period following the sale. This transition period will help ensure a smooth handoff, allow the new owner to become familiar with existing policies and procedures, and provide hands-on support with staff training and day-to-day operations.
Listing Info
- ID
- 2489437
- Listing Views
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Listing ID: 2489437 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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