2929 Hedrick Mill Rd - Specialty FOR SALE


Lexington, NC 27292
$2,750,000 USD
336-413-4475
2929 Hedrick Mill Rd, Lexington, NC for Sale
$2,750,000 USD
Specialty - FOR SALE
1/51
null | Request Cap Rate

2929 Hedrick Mill Rd
Lexington, NC 27292


OVERVIEW

10,000+ SF. Leased Industrial Kitchen for passive income. Extra lot across the street. Impressive profits with bookings secured into 2025! Turnkey venue able to host 2 events simultaneously. Newly added mobile bar, perfect for semi-outdoor ceremonies or cocktail receptions. Luxurious and private bridal suite, designed for comfort and relaxation. Hair and makeup-ready facilities featuring wrap around vanity with mirrors and an upstairs space to get dressed. Groom's Suite includes a pool table and cozy couches, ideal for pre-ceremony gatherings. Fully equipped industrial kitchen currently leased by catering company ($5,000/mth) with rent increases annually. All kitchen equipment owned and conveying with sale. Located on 3.2 acres with a 1.9 acre parcel across the street for additional parking. Over $275,000 in upgrades: commercial grade septic system ($21,000) upgrade in 2023, $50,000+ in electrical upgrades for enhanced functionality, and newly added shrubbery and tree dividers.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$274 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Morrison Grove

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.1 AC

LAND SF

222,156 SF

ZONING

RA2

APN/PARCEL ID

15-009-0-000-0026-0-0-0

ASK ABOUT THIS PROPERTY

Jenna McKenzieMcKenzie Real EstateMore Info
336-413-4475

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Jenna McKenzieMcKenzie Real EstateMore Info
336-413-4475

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