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Terri Bias

Operator/Brokerage Owner | Terri Bias and Associates | PLACE

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615 Oak Ave , Spruce Pine, NC 28777
$428,000
Est. Payment: $2,405.37/mo
3395 Sqft
0.13 Acres
Status: active | Days on site: 12
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Terri Bias
Operator/Brokerage Owner

House 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.

Highlights

Listed by James Diaz , 828-215-9669 Likewise Commercial Real Estate , 828-222-3685. Canopy MLS mls logo

Property Type

Commercial Sale

Lot/Acreage
0.13

Year Built

1958

County

Mitchell

Listing ID

4430761

Questions about this listing?

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Interior Features

Air Cond:Central Air,Window Unit(s)
Fireplaces:
Water:City

Exterior Features

Lot:Sloped
Roof:Built-Up
Sewer:Public Sewer
Principal Interest
$2,405
Taxes
$273

Home Price

$428,000

Loan Details

30 yrs
7.548%

Down Payment

20%
$85,600
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,405.37

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,405.37 $272.85 $0.00 $2,678.22
Yearly $28,864.49 $3,274.20 $0.00 $32,138.69
Total $865,934.84 $98,226.00 $0.00 $964,160.84

Today's Rates

30 Year

7.55%

20 Year

7.5%

15 Year

6.75%

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Market insight data is pulled from the same city as the listing being viewed (Spruce Pine, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Terri Bias and Associates | PLACE nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
Listings courtesy of Canopy MLS as distributed by MLS GRID

IDX service by Blueroof 360

Data last updated: 2026-10-14T15:52:06.000Z

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