7920 E Washington Street Ext - Specialty FOR SALE


Mebane, NC 27302
$2,200,000 USD
919-612-6696
7920 E Washington Street Ext, Mebane, NC for Sale
$2,200,000 USD
Specialty - FOR SALE
1/80
null | Request Cap Rate

7920 E Washington Street Ext
Mebane, NC 27302


HIGHLIGHTS

  • Municipal Sewer Is Being Connected By Seller. To Be Completed Before Closing.
  • g Amenities: Kitchen, Bridal Suite, Three Full Bathrooms, Covered Pavilion, Expansive Lawn Area, & Pond.

OVERVIEW

“The White House” is a Historic Event Venue located on E. Washington Street near Downtown Mebane. The Structure was fully renovated in 2020. The structure/building is an approximately 4,951 square foot, two story, renovated historic home. The property is approximately 5.61 acres and includes a pond and a covered pavilion adjacent to the building. The property is zoned B-2 (CD). The property was previously zoned R-20 (single family residential). While not the present use, it may be possible to have the property rezoned for single family use. The property is currently being used as an event venue. The name of the venue is The White House. The website is as follows: https://www.thewhitehouseonwashington.com/ Please note this is not an offering for the sale of a business. In addition, the venue has never been fully operational, so there are no financials to provide relative to the operations of the venue and the property. There is a very nice video of the property on the website, in addition to information about The White House. The White House is located between the Triad and the Triangle, providing convenient access to Greensboro, Chapel Hill, Durham, and Raleigh. The property is located near Downtown Mebane (https://www.visitdowntownmebane.com/about-us), which provides restaurants and shopping. A great opportunity to purchase recently renovated venue space!!

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$444 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Historic Event Venue

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Lodge/Meeting Hall

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.61 AC

LAND SF

244,372 SF

ZONING

B-2 (CD)

APN/PARCEL ID

9825329585

ASK ABOUT THIS PROPERTY

Michael WaldropWaldrop Properties, LLCMore Info
919-612-6696

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Michael WaldropWaldrop Properties, LLCMore Info
919-612-6696

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