Covered Wedding Venue with Guest
For Sale
$1,150,000
2589 Sidney Cherry Grove Road, Clarendon, NC 28432
Commercial Sale, Clarendon, NC
Property Size3,569 SF
Lot Size4.64 Acres
Price / SF$322.22
Days on Market142
Property Features for 2589 Sidney Cherry Grove Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
General Use
Fireplace
1
Subdivision
Not In Subdivision
Lot features
Landscaped
Directions
From Tabor City, NC take 701 North to 410 North, then go 3 miles. Take a left on Sidney Cherry Grove Road. Property is 1/4 mile on left.
Standard status
Active
APN
0146.00-94-9902.000
Size
3,569 SF
Lot size
4.64 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
2589 Sidney Cherry Grove Road, Clarendon, NC, GIS #15342
Tax Annual Amount
1774
Legal Description
2589 Sidney Cherry Grove Road, Clarendon, NC, GIS #15342
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Heating system
Propane (Heating), Heat Pump (Heating), Fireplace(s), Electric (Heating), Forced Air
Cooling system
Central Air, Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1934
Number of units
3
Flooring type
Hardwood, Wood, Tile, Tile - Ceramic
Building materials
Brick, Wood Siding
Roof type
Metal, Asphalt
Listing Agency:
RE/MAX Southern Shores
(843) 249-5555
Listed By:
Bryant D Evans · License #324018
(702) 553-6601
Added: May 29
Changed: Oct 11
Last Checked: Oct 17 at 12:06PM
MLS# 100577853
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This wedding venue property combines a remodeled 3-bedroom, 2-bathroom residence with a separate library and guest suite. The main house measures 3,569 square feet and includes a living area, renovated kitchen, laundry room, fireplace, hardwood and ceramic tile flooring, and a mix of brick and wood siding. The secondary building contains several thousand books and a loft that sleeps four.
Behind the library is a covered event structure designed for up to 350 seated guests. The venue includes bathrooms, a full commercial kitchen, lighting, and an open arrangement that supports wedding and other event functions. The 4.64-acre property is located at 2589 Sidney Cherry Grove Road in Clarendon, NC, with public water, septic service, and electricity available. The residence was built in 1934 and the property is zoned General Use.
Behind the library is a covered event structure designed for up to 350 seated guests. The venue includes bathrooms, a full commercial kitchen, lighting, and an open arrangement that supports wedding and other event functions. The 4.64-acre property is located at 2589 Sidney Cherry Grove Road in Clarendon, NC, with public water, septic service, and electricity available. The residence was built in 1934 and the property is zoned General Use.
Key Highlights
- Covered venue accommodates up to 350 seated guests
- Full commercial kitchen and bathrooms serve the event space
- Remodeled 3‑bedroom, 2‑bathroom residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,987
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$919,740
$919.7K
Cap Rate 7%
$656,957
$657.0K
Cap Rate 9%
$510,967
$511.0K
Market Conditions
NOI Build-Up for 3,569 SF
Gross rent
$85.7K $24.00/SF
− Vacancy
−$12.1K −$3.38/SF
EGI
$73.6K $20.62/SF
− OpEx
−$27.6K −$7.73/SF
NOI
$46.0K $12.89/SF
Area
Columbus County, NC
Vacancy
14.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$919,740
Cap Rate 7%
$656,957
Cap Rate 9%
$510,967
Alternative Uses
Best Use
Mixed Use
$657.0K
$574.8K – $766.5K
NOI $45,987 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$865.8K
$757.5K – $1.01M
NOI $60,603 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 28432, NC
1,806
Population
686
Households
2.6
Avg Household Size
38
Median Age
13%
College-Educated
80%
High-School Grad
34.2 sq mi
ZIP Area
53
Density / Sq Mi
$83,984
Median Household Income
$47,602
Median Earnings
$871
Median Rent
$113,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Wedding venue - Remodeled residential improvements accompany a covered event venue with bathrooms, commercial kitchen facilities, and flexible indoor-outdoor space.
Where is this wedding venue located?
The property is located at 2589 Sidney Cherry Grove Road Clarendon, NC.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Covered venue accommodates up to 350 seated guests; Full commercial kitchen and bathrooms serve the event space; Remodeled 3‑bedroom, 2‑bathroom residence
