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7920 E Washington Street Ext - Historic Event and Wedding Venue 4,951 SF Specialty Building Offered at $3,069,440 CAD in Mebane, NC 27302
INVESTMENT HIGHLIGHTS
- Versatile Special-Purpose Potential With Unique Historic Charm
- Zoned B-2 (CD)
- 5.61 Acres With Sweeping Lawns and Pond
- Built in 1890 - Renovated in 2020
- 40 x 60 Pavillion
- Strategically Located Between The Triad and Triangle
EXECUTIVE SUMMARY
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.
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.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,069,440 CAD | Building Class | B |
| Price Per SF | $619.96 CAD | Lot Size | 5.61 AC |
| Sale Type | Investment or Owner User | Building Size | 4,951 SF |
| Property Type | Specialty | No. Stories | 2 |
| Property Subtype | Lodge/Meeting Hall | Year Built/Renovated | 1890/2020 |
| Zoning | B-2 (CD) - Conditional Business 2 Commercial Zoning for use as Retreat/Conference Center, Bed & Breakfast, Tourist Home, Arts & Crafts Shows. | ||
| Price | $3,069,440 CAD |
| Price Per SF | $619.96 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Lodge/Meeting Hall |
| Building Class | B |
| Lot Size | 5.61 AC |
| Building Size | 4,951 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1890/2020 |
| Zoning | B-2 (CD) - Conditional Business 2 Commercial Zoning for use as Retreat/Conference Center, Bed & Breakfast, Tourist Home, Arts & Crafts Shows. |
AMENITIES
- Air Conditioning
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7920 E Washington Street Ext - Historic Event and Wedding Venue
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