7920 E Washington Street Ext - Specialty FOR SALE


Mebane, NC 27302
$2,200,000 USD
970-846-2105
7920 E Washington Street Ext, Mebane, NC for Sale
$2,200,000 USD
Specialty - FOR SALE
1/108
null | Request Cap Rate

NEW


7920 E Washington Street Ext
Mebane, NC 27302


HIGHLIGHTS

  • Versatile Special-Purpose Potential With Unique Historic Charm
  • Built in 1890 - Renovated in 2020
  • Zoned B-2 (CD)
  • 40 x 60 Pavillion
  • 5.61 Acres With Sweeping Lawns and Pond
  • Strategically Located Between The Triad and Triangle

OVERVIEW

The White House on Washington Street is the historic home of the storied White furniture family, leaders of North Carolina’s early furniture manufacturing aristocracy. An area landmark since its construction in 1890, the stately residence of approximately 5000 sq ft sits on 5.6 acres and is located within a half mile of “Positively Charming” downtown Mebane, NC. (“Positively Charming” is the town motto and is well deserved.) WHW combines spectacular interior spaces with incredible light, beautiful windows, and a wealth of architectural details. It is surrounded by manicured lawns and nestled among massive oak, pecan, and black walnut trees, roses, azaleas, and a pastoral pond. The property is a photographer’s paradise and a glimpse into the graciousness of NC history. The property is perfect for both indoor events and outdoor gatherings. Its 900 sq ft patio and 2400 sq ft covered pavilion with enormous chandeliers, offer beautiful views of the house, the pond and the lawns. Gracious interior spaces can comfortably accommodate approximately 100 guests. Built in the late 1800s, the property has recorded documents that reach far back into the late 18th century. The structure today has evolved over the last 130+ years and was the family home of the owners of the company that almost single-handedly drove the first century of Mebane’s growth. Five years ago, this stately home was massively renovated, including: a completely new roof, completely new electrical and HVAC, and completely new plumbing. The kitchen was expanded for catering service, and all interior space, including floors, walls, ceilings, lighting fixtures, staircases, and bathrooms, were painstakingly restored. Existing porches were expanded and a large upstairs deck added to offer space for intimate weddings and small parties/meetings. The White House on Washington Street was completed in 2020, with great excitement and bookings including being honored to host the Mayor of Mebane’s wedding as its inaugurating event! Unfortunately, Covid put a stop to the business just as the venue was launching. Gradually reopened months ago, WHW has again received a warm reception as a unique and gracious option for events, weddings and parties. A robust formal Afternoon Tea service has been resumed three days a week and caters to a receptive and appreciative audience from a large surrounding area. WHW enjoys an ongoing relationship with a nearby, well-established catering operation, capable of any level of participation in booking, marketing and catering. This offers the potential new owners an opportunity to move seamlessly forward with bookings already in existence, as well as immediate capitalization on the steady flow of new event inquiries without undue organizational burden and startup delays. The excellent existing onsite manager is also enthusiastic about the opportunity to continue in that roll with a new owner. All necessary fixtures and furnishings related to the operation of the business are to be included in the sale. Location Description Mebane is perfectly located between the Triad and Triangle regions of North Carolina, with a large and growing market for event and venue space. It is considered one of the top ten fastest-growing areas in the United States. The town, charming historic Mebane, is becoming one of the most popular municipalities in North Carolina; a hub for regional leisure and recreational activities. Downtown serves as the center for community engagement and is rich with diverse small businesses, nightlife, and dining options. Additionally, Mebane is surrounded by six major university and college campuses within a short drive, including Duke, UNC Chapel Hill, NC State, and Elon University. With its strategic positioning and dynamic surroundings, the area presents an exciting investment opportunity for the astute investor.

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 and Wedding Venue

PROPERTY TYPE

Specialty

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

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970-846-2105

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970-846-2105

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