2929 Hedrick Mill RdLexington, NC 27292

Property Details for 2929 Hedrick Mill Rd

Year built

2004

Construction

STEEL FRAME

Lot size

3.20 AC

Property size (Sq ft)

9,900 SF

Zone code

CUHC

Property type

Land

Property subtype

Mining land

APN

15-009-0-000-0026

APU

1500900000026

Description

This exceptional turnkey wedding venue in Lexington, NC, presents a rare opportunity for immediate income and growth. Spanning 10,048 square feet on a 5.1-acre lot (including a 1.9-acre parcel across the street for additional parking), this single-story, 2004-built property boasts impressive features. The venue comfortably accommodates over 10,000 square feet of event space, allowing for two simultaneous events. Recent upgrades exceeding $275,000 include a new covered outdoor area with a mobile bar, perfect for ceremonies or receptions. A luxurious bridal suite with hair and makeup facilities and a groom's suite with a pool table enhance the guest experience. A fully equipped commercial kitchen, currently leased with annual rent increases, is included, along with all equipment. Significant infrastructure improvements have been made, including a $21,000 septic upgrade in 2023 and over $50,000 in electrical upgrades. Enhanced privacy is ensured with newly added landscaping. The business has enjoyed 20 years of operation, with the past two years showing record-breaking profits. Financials are available upon request. Existing bookings extend into 2025, providing immediate income potential. This is a truly remarkable opportunity to acquire a thriving, established business with significant upside. The asking price is $2,750,000.

• Alternative Use

  Use

  Valuation

  Residential

  $1,243,220

  Hospitality

  $1,138,782

  Educational

  $947,454

  Medical

  $980,038

  Retail

  $1,473,817

Location Insight

City

Lexington

County

Davidson

State

North Carolina

Latitude

35.7619

Longitude

-80.1788

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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