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Motel for Sale in Wake Forest, NC, USA

More details for 123 SE Railroad St, Youngsville, NC - Specialty for Sale

Historic Wedding and Event Venue - 123 SE Railroad St

Youngsville, NC 27596

  • Motel
  • Specialty for Sale
  • $2,352,338 CAD
  • 4,159 SF
  • Air Conditioning

Youngsville Specialty for Sale - Franklin County

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.

Contact:

Ring Development LLC

Property Subtype:

Lodge/Meeting Hall

Date on Market:

2025-04-30

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Motels for Sale within 50 kilometers of Wake Forest, NC, USA

More details for 5621 Kyle Dr, Raleigh, NC - Land for Sale

Kyle Drive Assemblage - 5621 Kyle Dr

Raleigh, NC 27616

  • Motel
  • Land for Sale
  • $964,528 CAD
  • 1.21 AC Lot
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More details for 00 Salem, Oxford, NC - Land for Sale

Hunt Family Farm - 00 Salem

Oxford, NC 27565

  • Motel
  • Land for Sale
  • $14,225,052 CAD
  • 410 AC Lot
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More details for 7601 Purfoy Rd, Fuquay-Varina, NC - Land for Sale

Purfoy Road Land - 7601 Purfoy Rd

Fuquay-Varina, NC 27526

  • Motel
  • Land for Sale
  • $1,908,239 CAD
  • 1.85 AC Lot
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More details for 0 Pritchard Rd, Clayton, NC - Retail for Sale

0 Pritchard Rd

Clayton, NC 27527

  • Motel
  • Retail for Sale
  • $2,081,715 CAD
  • 6,000 SF
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More details for 1376 Ruin Creek Rd, Henderson, NC - Land for Sale

1376 Ruin Creek Rd

Henderson, NC 27537

  • Motel
  • Land for Sale
  • Price Upon Request
  • 27.50 AC Lot
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More details for 100 Cunningham Ln, Clayton, NC - Office for Sale

100 Cunningham Ln

Clayton, NC 27527

  • Motel
  • Office for Sale
  • $2,081,715 CAD
  • 10,010 SF
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