123 SE Railroad St - Historic Wedding and Event Venue 4,159 SF Specialty Building Offered at $2,344,846 CAD in Youngsville, NC 27596

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.