2929 Hedrick Mill Rd - Morrison Grove
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2929 Hedrick Mill Rd - Morrison Grove
10,048 SF Specialty Building Offered at £2,164,937 in Lexington, NC 27292
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | £2,164,937 | Lot Size | 5.10 AC |
| Price Per SF | £215 | Building Size | 10,048 SF |
| Sale Type | Investment or Owner User | Number of Floors | 1 |
| Sale Condition | Business Value Included | Year Built | 2004 |
| Property Type | Specialty |
| Price | £2,164,937 |
| Price Per SF | £215 |
| Sale Type | Investment or Owner User |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Lot Size | 5.10 AC |
| Building Size | 10,048 SF |
| Number of Floors | 1 |
| Year Built | 2004 |
PROPERTY TAXES
| Parcel Number | 15-009-0-000-0026-0-0-0 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £658,139 |
PROPERTY TAXES
Parcel Number
15-009-0-000-0026-0-0-0
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£658,139
ZONING
| Zoning Code | RA2 |
| RA2 |
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2929 Hedrick Mill Rd - Morrison Grove
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