Business at 615 Oak Avenue, Spruce Pine
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$428,000

615 Oak Avenue
Spruce Pine, NC 28777
Listed by James Diaz · Likewise Commercial Real Estate
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1958

About this home

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.

Property details

MLS
Canopy MLS
MLS #
CAR4430761
Property type
Business
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
October 2, 2026
Stories
2
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Deyton Elementary
1.47 mi away · Grades 3-5
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
215
Student:teacher ratio
13.4:1
District
Mitchell County Schools
Middle
Bowman Middle
8.32 mi away · Grades 5-8
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
208
Student:teacher ratio
12.2:1
District
Mitchell County Schools
High
Mayland Early College
2.89 mi away · Grades 9-13
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
113
Student:teacher ratio
22.6:1
District
Mitchell County Schools

Walkability

Blended score for Spruce Pine's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

42
Somewhat walkable
out of 100
EPA National Walkability Index
7.7 / 20 -- Below average walkable
Google Places amenity density
48 / 100
Restaurants & cafes5
Grocery stores3
Parks0
Schools0
Transit stops3
Pharmacies2

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$2,727/mo
$85,600 down
$342,400 loan
Principal & interest$2,221
Property tax (est.)$357
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 19 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.