123 SE Railroad St - Specialty FOR SALE


Youngsville, NC 27596
$1,745,000 USD
919-453-7554
123 SE Railroad St, Youngsville, NC for Sale
$1,745,000 USD
Specialty - FOR SALE
1/5
null | Request Cap Rate

123 SE Railroad St
Youngsville, NC 27596


HIGHLIGHTS

  • Original heart pine floors
  • Beautifully landscapes with multiple outdoor gathering spaces
  • Abundance of natural light

OVERVIEW

The Victorian is a well-sought after wedding/event venue just outside of Raleigh, NC. This Historic home, wedding/event venue, is conveniently located in a bustling Downtown area, close to a few local bars, restaurants and lodging in the quaint town of Youngsville. The property offers a beautifully landscaped outdoor ceremony area with artificial turf, spacious onsite getting ready suites, well thought out cocktail space on the ground floor, and a 3,200 SF reception patio, with canopy, to seat up to 200 guests. Clients love the beauty of this venue, as well as the layout of the property, which can comfortably host every aspect of their dream wedding/event! This is a turn key establishment! The current venue manager is available to continue working, as well as the 4 contract employees. The venue currently has over 30+ contracted events, with a guaranteed income of over $100,000 in the next two years. The current owner will continue working, without any additional compensation, until the current contracts are completed. He will serve as a mentor to help the new owners transition and take over the business to ensure continued success. The venue comes fully furnished, with lounge sets, various decor, lawn games, cocktail tables, service tables, reception tables, ceremony/reception chairs, 40'x80' gable tent (1 year old), clear sidewalls, bistro lights, industrial fans, patio heaters, and much more! Not pictured is the kitchen prep room for catering use. The kitchen prep room includes a large 3 door merchandiser cooler, commercial ice machine, stainless steel prep tables, and a hand washing station. Property also includes an additional building for storage. Franklin County, in 2024, assessed the property at $1,946,810. We appealed to lower our tax rate, and it was adjusted to $1,103,900. Our property appraisal, completed in 2022, valued the building alone at $1,772,000. Currently, there is a dance class that operates on Tuesday and Thursday, when there are no events taking place, that is an additional source of income.

FOR SALE DETAILS

PRICE

$1,745,000 USD

PRICE/SF

$420 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Historic Wedding and Event Venue

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1898

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

MS

APN/PARCEL ID

006186

ASK ABOUT THIS PROPERTY

Brian WhitleyRing Development LLCMore Info
919-453-7554

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Brian WhitleyRing Development LLCMore Info
919-453-7554

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