Unique Wedding/Special Events Venue in Restored Historic Setting
Massive Price Reduction!! Was $1,199,000, Now $950,000!
Large and Unique in Restored, Historic Setting
Offering an established, unique special events and wedding venue in the South Central Atlantic region with solid business now, and good growth potential!
Located within a small, historic city and on a scenic river, this unique restoration of historic former commercial property has brought the concept of “industrial chic” to an exciting new level with great response from the special events and wedding markets. The location is fairly proximate to several vibrant urban market areas, being only about 1 and ½ hours from Nashville, Knoxville, Chattanooga, and Atlanta and is a perfect match for those seeking a not too distant destination wedding (or other special event) in a mountain area setting with great mountain and seasonal lake views and access, river access, and forested areas nearby.
The venue boasts approximately 15,000 square feet of space as follows: 5,000 s/f of climate-controlled space on the main level with occupancy set at 300 people; 5,000 s/f of partially finished basement area (not climate-controlled) and an expansive main courtyard and outdoor reception area of about 4,500 s/f. The partially finished basement area would be ideally suited for an “urban winery” or a craft brewery. The main entrance approach to the venue consists of custom-made wrought iron gates, and very large double entry doors.
Also within the main venue there is a spacious, fully equipped commercial-grade kitchen with high-end Wolf appliances, sealed concrete counter-tops, large pantry and closet. There are also very large ADA compliant separate men’s and women’s restrooms with multiple stall arrangements. The main level is also outfitted with large roll-up doors from former loading dock area and riverside. All ceilings on the main level are over 14 ft. tall, and basement ceiling height is about 9 ft. 6 in. Basement floor is rough concrete.
Also, nearly just across the street from the main venue, another fully restored historic property is also part of this overall offering, and serves as a bridal suite and offers additional overnight accommodations for other guests on a separate level. This is a two story structure with the bridal suite (including kitchen, second bedroom, and bath) on the main level; and two bedrooms on the upper level with 1 bathroom and kitchen. This building has all ADA compliant bathrooms and access. There are expansive ceiling heights on both levels ranging from 10 ft. to 17 ft. tall, and the total climate-controlled space is approximately 1400 s/f. for this building.
Both properties included in this offering were completely restored in 2015 and the restoration included (but was not limited to) the following elements: ALL NEW roofs (30 year commercial-grade), plumbing, mechanical systems, electrical systems, Energy Star rated windows and doors, engineered walls and floors, and ADA compliant bathrooms/restrooms, parking, and access arrangements along with open/closed cell foam isonene sprayed insulation in each property. Main venue has a large HD projection screen, built-in sound system, and a 16 camera HD surveillance security system.
Extensive amount of furnishings, fixtures and venue related equipment is included in the sale along with a web site, Facebook presence, etc.—a virtual turn-key operation!
All improvements and restoration was carried out by a licensed commercial construction company, masonry company, and landscape design/architectural company. All completed improvements were properly permitted by and issued certificates of occupancy by local and state code enforcement/building department. The main venue is currently zoned as commercial “assembly” and under this category the permitted uses are brewery, winery, wedding venue, bar, gathering place, church, reception hall, night club, restaurant, bar, residential dwelling, mercantile, etc.
Bookings have been robust, and several dates into 2019 are already reserved. This is a superb opportunity in one of the hottest types of business models (Event Venue) with high margins, and the added potential for a craft brewery or urban winery to complement the offerings and revenue.
An executed Non-Disclosure Agreement will be required prior to the identification of this business, and/or release of any business related information and financials.
Please contact: Tyler Williams, Senior Consultant with Virginia Estates, Inc.
Email: email@example.com Cell: 703-850-4914
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