New Listing
615 Oak Avenue,Spruce Pine, NC 28777
Spruce Pine, NC 28777
Description
Mixed-Use Investment & Owner-User Opportunity in Downtown Spruce Pine. Discover a unique mixed-use property in the heart of growing downtown Spruce Pine, offering an exceptional combination of commercial space, residential living, and flexible investment potential. Ideal for an owner-user, investor, or entrepreneur seeking a distinctive live/work opportunity, this property features ground-level café/retail space and a three-bedroom residential apartment above. The ground-floor commercial space features large storefront windows and custom black walnut countertops and cabinets, creating a warm, inviting atmosphere. Currently occupied by a beloved local coffee shop, the space has served as a longstanding community hub and benefits from its location among popular local shops, restaurants, and downtown amenities. The versatile layout offers potential for a variety of retail, food & beverage, service, or other compatible commercial uses. The 1,812 SF residential unit features three bedrooms and two bathrooms and provides living space and additional income potential. Recent improvements include fresh paint and trim, one remodeled bathroom, and new handrails. The unit has been well maintained and offers an attractive live/work option or potential residential rental opportunity. The property also includes a lush backyard greenspace, garden beds, and a fully insulated accessory storage building that has been extensively remodeled, providing valuable additional storage or workspace. Significant recent capital improvements include plumbing and electrical upgrades completed in 2025 and a new water heater installed in 2024. There are currently no active leases, providing a new owner with flexibility to establish an occupancy strategy, pursue new tenancy, or explore alternative permitted uses. With its downtown location, mixed-use configuration, established commercial presence, residential component, recent improvements, and flexible ownership potential, this property presents a unique opportunity to acquire a versatile asset in the center of Spruce Pine's downtown district.
Details
| MLS # | 4430761 |
|---|---|
| Listing Type | For Sale |
| Style | Business |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 1 |
| Listing Provided By | Likewise Commercial Real Estate | James Diaz |
Features
| SQ Feet | 3,395 |
|---|---|
| Story(s) | 2 |
| Units | 2 |
| Building(s) | 1 |
| Acreage | 0.13 |
Interior
| Cooling | Central Air, Window Unit(s) |
|---|---|
| Heating | Natural Gas |
Exterior
| Roof | Built-Up |
|---|---|
| Construction Materials | Brick Partial |
| Foundation Details | Slab |
| Lot Features | Sloped |
Taxes
| Property | 181500 |
|---|
Area Information
| State | NC |
|---|---|
| County | Mitchell |
| City | Spruce Pine |
| Zip Code | 28777 |
| Area | Mitchell |
| Listing VS Median (in 28777) | |
Price: $428,000 low | high Med: $359,250 sqft: 3,395 low | high Med: 1,923 $ / sqft: $126 low | high Med: $190 On site: 1 low | high Med: 130 | |
Market Activity 28777
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Listings courtesy of Canopy MLS as distributed by MLS GRID.
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Learn More About This Property
| State | NC |
|---|---|
| County | Mitchell |
| City | Spruce Pine |
| Zip Code | 28777 |
| Area | Mitchell |
| Listing VS Median (in 28777) | |
Price: $428,000 low | high Med: $359,250 sqft: 3,395 low | high Med: 1,923 $ / sqft: $126 low | high Med: $190 On site: 1 low | high Med: 130 | |