21405 Parks Mill Rd - Specialty FOR SALE


Abingdon, VA 24211
$824,000 USD
423-956-5707
21405 Parks Mill Rd, Abingdon, VA for Sale
$824,000 USD
Specialty - FOR SALE
1/79
null | Request Cap Rate

21405 Parks Mill Rd
Abingdon, VA 24211


HIGHLIGHTS

  • Historical Buildings and Property
  • Within walking distance to Holston River and local boat launch
  • Extensively remodeled and updated while maintaining the historic charm and character
  • Currently offered to the public for wedding, corporate meetings, and other social venues
  • Sufficient vacant land to construct small rental short term lodging facilities
  • Restaaurant and other food service facilities may be added

OVERVIEW

Your Search Ends Now! Welcome to Historic Parks Mill - Where Rustic Charm Meets Modern Possibilities! Nestled in the heart of picturesque Washington County, Virginia, the TCI Group is honored to present For Sale or For Lease the Historic Parks Mill Property. A rare gem that seamlessly blends the allure of the past with contemporary amenities. This remarkable 2.8 acre property offers 4 separate structures sitting on the banks of scenic Fifteen Mile Creek. Let’s explore: Parks Mill – Established by revolutionary war soldier and early Washington County pioneer, Oliver Alexander, in 1780 on his original 190 acres. The grist mill was operated by a water-powered process for over 200 years until as recently as 2019. With the exception of a few modern updates, the structure and most of the vintage equipment and machinery remains intact making it very possible for it to become operational once again. A separate finished first floor area has been created as a large lounge area which has been used for private gathering or as grooms quarters. Most of the main floor and upper floors are open areas used for some storage or untouched with the original wood walls and flooring. The top floor contains most of the original milling equipment, a very unique feature and of interest to anyone with an eye to preservation. The Bungalow – A modern single story cottage with bedroom, bathroom, kitchenette and living area with a large cantilevered wood deck overlooking the creek with fire pit, rocking chairs and views of cascading creek and mill. It is currently used for Bridal Dressing Room and a vacation rental cottage. The Gathering Lodge – a 1,000 sq ft open concept cabin with expansive grass lawn out back and a large deck overlooking creek. Building has a gorgeous large wrap around covered porch with ample room for additional dining or patio seating. The Bathhouse – a handicapped accessible stand alone restroom building with 2 individual bathrooms. The Landscape – Also on site is a waterfall! A unique feature that adds so much charm to the setting, this lovely man made waterfall is overlooked by an open patio area set up for awnings as needed. You will find many outdoor seating and lounging areas including next to the Gathering Lodge overlooking the creek and one at the front patio. There is another fire pit area between the Bungalow and the mill. There are several small parking areas throughout the property with an additional adjacent parking area currently being leased by owner through 2025 with transport via golf cart during events. The attention to detail is exceptional, graciously paved paths and patios tie in all the buildings leading to a very stunning visual location. Don’t miss this unparalleled opportunity! For those looking to invest in a captivating setting, this is it! Currently operating as the Cascades at Parks Mill, the undeniable historic charm of the property makes it the ideal place for weddings, corporate events, community gatherings and celebrations. A distillery, brewery, winery or cidery – wow! For an authentic Appalachian experience, what would be better than a country store with live music, café and regional crafts? With the addition of a few tiny houses or cabins it becomes a vacation rental or resort destination. Originally established in the late 18th century, the mill and property have preserved its architectural appeal making it especially suited to heritage or cultural tourism. Beautiful setting for a natural or herbal garden venture, pottery store, or artistic or photography pursuits. AS AN ADDED BONUS THE SALE OF THIS PROPERTY INCLUDES THE WATER RIGHTS OF OF THE FIFTEENMILE CREEK FLOWING THROUGH THE PROPERTY!! "TOGETHER WITH ALL WATER RIGHTS, INCLUDING THE RIGHT TO BACK UP WATER FROM SAID DAMON THE ADJOINING LANDS LOCATED UP THE CREEK FROM SAID DAM GRANTED OF RECORD IN AFORESAID CLERK'S OFFICE IN DEED BOOK 186, PAGE 109." Owner is willing to consider a Lease and also selling the business, currently licensed in Washington County, Virginia as an Events Center, with the property, feel free to discuss this option with listing agent. with the property, feel free to discuss this option with listing agent. See video tour in photos for an overview of this incredible location.

FOR SALE DETAILS

PRICE

$824,000 USD

PRICE/SF

$165 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Cascades at Parks Mill

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1790

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

7.05 AC

LAND SF

307,098 SF

ZONING

A-2

APN/PARCEL ID

146-A-46

ASK ABOUT THIS PROPERTY

Glenn PerkinsTCI Group - Jerry Petzoldt Agency LLCMore Info
423-956-5707

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Glenn PerkinsTCI Group - Jerry Petzoldt Agency LLCMore Info
423-956-5707

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.