2929 Hedrick Ml Rd Lexington, NC 27292-7188

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.

Location Insight

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