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$225,000 Just Listed
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Property Description
Price Slashed, 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 and any personal items. The current owner is committed to a seamless transition, sharing trade secrets, and recipes and training that will be available at an additional price. The establishment's legacy as the go to destination for delightful dining experiences. Don't miss the chance to own this proven success with a lasting community impact. Known for its Caribbean and Columbian cuisine. Opportunity, if you are a chef, food truck operator, or entrepreneur looking for a low-overhead space to launch or expand, this property offers built-in community goodwill, strong visibility, and a motivated seller ready to make a deal. This building could be converted for non-restaurant use-office, retail, gallery, or niche retail. Food stocks will be inventoried and can be purchased by the buyer, not included in the sale. No Sign, Confidential
Full Property Details
Full Property Details for 198 Oak Ave
General
- Price: $225,000
- Status: Active
- Type: Commercial
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4342245
- Updated: Today (1/30/2026)
- Added to Site: Today
Parking
- Parking Features: On Street
Location
- County: Mitchell
- Driving Directions: From 19E in Spruce Pine, turn on Greenwood Rd, towards downtown. Travel 0.1 miles and turn left onto Highland Ave. Travel approximately 300 feet to the traffic signal, turn right on Locust St. Travel approximately 300 feet and continue straight onto Oak Avenue, Destination will be on the right in 0.1 miles.
- City Limits: Yes
Heating & Cooling
- Cooling Type: Multi Units, Wall Unit(s), Window Unit(s)
- Heating Type: Other - See Remarks
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Available
Structural Information
- # Buildings: 1
- Construction: Site Built
- Basement: Yes
- Basement Desc.: Storage Space
- Roof: Aluminum, Metal, Rubber
- Square Feet: 1,302
- Minimum Avail: 1,302 Sq. Ft.
- Year Built: 1932
Lot Features
- Street/Road Desc.: Paved
- Lot Features: Other - See Remarks
- Rcmdd Zoning: C-1
Financial Considerations
- Terms: Cash, Other - See Remarks
Disclosures and Reports
- Inclusions: Building, Business, Equipment, Fixtures, Inventory, Land
- Property ID: 0890-13-12-0581
- Lot Number: 513/466
Listed by Coldwell Banker Advantage
Get Pre-Approved Today
Schools
Schools serving 198 Oak Ave
School District:Mitchell County Schools
| Name | Grades | Distance |
|---|---|---|
Deyton Elementary 308 Harris Street, Spruce Pine, NC 28777 | 3-5 | 1.1 mi |
Greenlee Primary 2206 Carters Ridge Road, Spruce Pine, NC 28777 | K-2 | 2.4 mi |
Bowman Middle 410 South Mitchell Avenue, Bakersville, NC 28705 | 5-8 | 8 mi |
Harris Middle 121 Harris Street, Spruce Pine, NC 28777 | 6-8 | 1 mi |
Mayland Early College 264 Mayland Drive, Spruce Pine, NC 28777 | 9-12 | 3.2 mi |
Mitchell High 416 Ledger School Road, Bakersville, NC 28705 | 9-12 | 4.6 mi |
Gouge Elementary 134 Laurel Street, Bakersville, NC 28705 | K-4 | 8.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 198 Oak Ave
Date
Details
Price
Change
Source
1/30/2026
Listed
$225,000
125%
MLS
3/09/2010
Sold
$100,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 198 Oak Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$664
—
$118,500
—
2024
$664
—
$118,500
—
2023
$664
—
$118,500
—
2022
$664
17%
$118,500
21%
2021
$566
—
$97,600
—
2020
$566
—
$97,600
—
2018
$566
7%
$97,600
7%
2017
$531
9%
$91,600
—
2016
$485
—
$91,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 198 Oak Ave
198 Oak Avenue, Spruce Pine, NC 28777 (MLS# 4342245) is a Commercial property. 198 Oak Avenue is currently listed for $225,000 and was received on January 30, 2026. Want to learn more about 198 Oak Avenue? Do you have questions about finding other Commercial real estate for sale in Spruce Pine? You can browse all Spruce Pine real estate or contact a Coldwell Banker agent to request more information.

