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    Property profile & analytics
    OFF-MARKET Estimated value $700,000
    Mining land & claims

    2929 Hedrick Ml Rd, Lexington, NC 27292-7188

    9,900 SF 3.2 ac lot Built 2004
    Entity Owned
    Property ID
    US53-1949483
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Mining land & claims
    Use group QUARRIES (SAND, GRAVEL, ROCK)
    Year built 2004
    Construction STEEL FRAME
    Total area 9,900 SF
    Lot 3.2 ac (139,392 SF)
    Zoning code CUHC
    APN 15-009-0-000-0026
    UPID US53-1949483
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Morrison Grove Wedding Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $700k
    Owner & transaction history
    Rhodes Event Services LLC
    Rhodes Event Services LLC
    since 2026
    Last sale
    $700,000
    5 recorded transactions
    2026
    $100,000
    2022
    $700,000
    2022
    $700,000
    2020
    1969
    Zoning & alternative use
    CUHC · Lexington, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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