21405 Parks Mill Rd - Specialty FOR SALE


Abingdon, VA 24211
$699,000 USD
276-477-1300
21405 Parks Mill Rd, Abingdon, VA for Sale
$699,000 USD
Specialty - FOR SALE
1/72
null | Request Cap Rate

21405 Parks Mill Rd
Abingdon, VA 24211


HIGHLIGHTS

  • Currently operating as a wedding and event venue with infrastructure for 300 guests
  • Nearly eight acres with deeded water rights, creek frontage, and a private waterfall
  • Historic grist mill from the late 1700s ideal for adaptive reuse or additional dwelling
  • Motivated seller offering a historic property with exceptional redevelopment potential
  • Three detached buildings built in 2003 for residence, guest lodging, or creative use
  • Special-use zoning and new septic system support hospitality, residential, or mixed-use visions

OVERVIEW

Open house 2/28/26 from 11:00AM-1:00PM!!! Come check it out!! Motivated seller presents a rare opportunity to acquire Parks Mill, an extraordinary historic property steeped in heritage and natural beauty. Spanning nearly eight acres along the serene 15-Mile Creek, this estate combines timeless character with modern infrastructure, offering endless possibilities for its next chapter. The property includes deeded water rights, nearly a mile of creek frontage, and a private waterfall, creating an unparalleled setting for hospitality, cultural, or residential visions. Currently operating as a successful wedding and event venue, the estate is fully equipped with established infrastructure, including parking, utilities, ADA-compliant features, and multiple bathhouse facilities to accommodate gatherings of up to 300 guests. At its heart stands the iconic grist mill, a late-1700s architectural landmark that, while non-habitable, offers a compelling opportunity for adaptive reuse. Imagine transforming this historic structure into a restaurant, gallery, wellness retreat, or even an additional dwelling, creating a centerpiece that honors its legacy while embracing modern use. Three detached buildings constructed in 2003 provide flexible options for an owner’s residence, guest accommodations, or creative spaces. A newly permitted septic system (2021) and special-use zoning further enhance development potential, while select floodplain areas offer income opportunities for up to ten tiny homes. Whether envisioned as a private compound, multi-generational estate, or boutique hospitality destination, Parks Mill is a living piece of history ready for its next steward.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$148 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Religious Facility, Winery/Vineyard, Shelter

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1790

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

7.47 AC

LAND SF

325,393 SF

ZONING

A-2

APN/PARCEL ID

146-A-46

ASK ABOUT THIS PROPERTY

Peyton HubbleREMAX CavaliersMore Info
276-477-1300

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Peyton HubbleREMAX CavaliersMore Info
276-477-1300

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