2929 Hedrick Ml Rd Lexington, NC 27292-7188
Property profile & analytics
2929 Hedrick Ml Rd Lexington, NC 27292-7188
- Mining land & claims
- 9,900 SF
- 3.20 lot acres
Property ID
US53-1949483
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Morrison Grove / Wedding Service
Property Details for 2929 Hedrick Ml Rd
- Year built
- 2004
- Construction
- STEEL FRAME
- Lot size
- 3.20 lot acres
- Property size
- 9,900 SF
- Zone code
- CUHC
- Property type
- Mining land & claims
- 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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $685,000
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $775,000
- AUTO REPAIR, GARAGE
- $665,000
- APARTMENT HOUSE (5+ UNITS)
- $590,000
- WAREHOUSE, STORAGE
- $575,000
- COMMERCIAL (GENERAL)
- $525,000
- RETAIL STORES
- $515,000
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Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Davidson
- State
- North Carolina
- Longitude
- -80.1788
- Latitude
- 35.7619
- CBSA code
- 49180
- CBSA name
- WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,228
$0.00
$0.00
$829,360
-
$139,390
$689,970
$829,360
