2929 Hedrick Mill RdLexington, NC 27292

For Sale
$2,750,000

Profitable Wedding Venue, Established Business

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • $2,750,000 asking price for a turnkey wedding venue.
  • 10,048 square feet on a 5.1-acre lot in Lexington, NC.
  • Features include a large event space, covered outdoor area, bridal and groom suites, and a fully equipped commercial kitchen.
  • Significant recent upgrades exceeding $275,000, including septic and electrical systems.
  • Strong financial performance with bookings secured into 2025.

Property Details for 2929 Hedrick Mill Rd

Property type
Other specialty properties, Specialty properties
Square Feet
10,048 SF
Year Built
2004
Buildings
1
Stories
1
Lot Size (sq. ft)
222,156 SF
Units
1

Location Insight

City
Lexington
County
Davidson
State
North Carolina
Latitude
35.76168070367
Longitude
-80.177815505933
2929 Hedrick Mill Rd, Lexington, North Carolina
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2929 Hedrick Mill Rd
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