198 Oak Ave - Restaurant FOR SALE


Spruce Pine, NC 28777
$335,000 USD
198 Oak Ave, Spruce Pine, NC for Sale
$335,000 USD
Restaurant - FOR SALE
1/4
null | Request Cap Rate

198 Oak Ave
Spruce Pine, NC 28777


HIGHLIGHTS

  • Known for its Caribbean and Columbian cuisine.
  • Great visibility and traffic on Oak Ave and Locust St.
  • Don't miss the chance to own this proven success with a lasting community impact.

OVERVIEW

Introducing one of the top-rated restaurants and most popular eateries in the Spruce Pine area-a standout investments opportunity in today's open market. This exceptional restaurant boasts record breaking sales and an enviable reputation that spans locals, visitors, and tourists alike. Having triumphed over challenges including the pandemic and including Hurricane Helene, it continues to flourish with a steady stream of customers drawn by its renowned menu and exceptional service. The sale includes the building, all contents, and full inventory, except personal items located in a room downstairs. The current owner is committed to a seamless transition by offering hands-on training and sharing trade secrets that have cemented the establishment's legacy as the go to destination for delightful dining experiences.

FOR SALE DETAILS

PRICE

$335,000 USD

PRICE/SF

$252 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Tropical Grill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1932

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

C-1

APN/PARCEL ID

0890-13-12-0581,0890-17-12-0458

ASK ABOUT THIS PROPERTY

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