Property profile

7920 Washington St Mebane, NC 27302

OFF-MARKET
Specialty properties
4,951 SF 5.61 ac lot
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Property summary

AI-generated overview

This exceptional property presents a unique investment opportunity. "The White House," a historic event venue, boasts 4,951 square feet of renovated space within a charming two-story building. Situated on a picturesque 5.61-acre lot, the property includes a tranquil pond and a convenient covered pavilion. Fully renovated in 2020, this meticulously updated building offers ample space for various events. The property's B-2 (CD) zoning allows for continued use as an event venue, while its previous R-20 zoning suggests potential for rezoning to single-family residential use, subject to local approvals. Conveniently located near Downtown Mebane, NC, this venue benefits from proximity to restaurants and shopping, and enjoys easy access to Greensboro, Chapel Hill, Durham, and Raleigh. While currently operating as an event venue, please note that no operational financials are available as the venue has not been fully operational. This offering is for the sale of the real estate only; it does not include the business. The property's website offers a virtual tour and additional details. This is a rare chance to acquire a beautifully renovated historic property with significant potential.

Property profile

Verified
Property type Specialty properties
Total area 4,951 SF
Lot 5.61 ac (244,372 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Resort

Location

7920 Washington St Mebane, NC 27302
Mebane metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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