69 Locust St 69 Locust St 4,400 SF 100% Leased Retail Building Spruce Pine, NC 28777 $1,400,000 ($318.18/SF) 3.20% Cap Rate

A Landmark Opportunity in the Heart of Downtown Spruce Pine Positioned as the true gateway between upper and lower downtown, this iconic three-story brick building is the only property that physically connects both levels of Spruce Pine’s downtown district. With street-level access from both Oak Avenue and Locust Street, the property enjoys exceptional visibility, accessibility, and foot traffic from multiple directions. Built in 1948 with a durable steel, concrete, and wood-frame construction, the building has been thoughtfully improved over the years while preserving the character and charm that make downtown properties so desirable. This one building can home multiple commercial spaces and can offer flexibility for retail, dining, office, event, or mixed-use concepts, creating endless possibilities for investors, entrepreneurs, and visionaries alike. One of the property’s most remarkable features is its privately owned green space—an incredibly rare amenity in a downtown setting. Combined with outdoor patios, historic wrought iron details, vintage-inspired street lighting, and gathering areas, the space creates a unique atmosphere that invites community Significant capital improvements include a newer insulated pitched TPO roof, updated electrical and plumbing systems, modern HVAC equipment, on-demand water heaters, tempered storefront glass, fire suppression and monitored alarm systems, water filtration upgrades, and extensive outdoor enhancements. The lower level is exceptionally equipped for food and beverage operations with commercial infrastructure including walk-in cooler systems, grease trap, commercial ventilation, and outdoor dining spaces with natural gas heaters. Whether you’re looking to establish a flagship business, create a mixed-use investment property, develop an entertainment venue, or become a steward of one of Spruce Pine’s most recognizable downtown landmarks, this property offers a combination of location, functionality, history, and potential that simply cannot be replicated.