201 Hill Street

201 Hill Street

Historic Preston Woodall House | Wedding & Event Venue Opportunity | $1,195,000 Step into one of Johnston County's most iconic historic properties. The renowned Preston Woodall House offers a rare opportunity to own a beautifully restored estate that previously operated as a successful wedding and event venue, bed & breakfast, and special events destination. Originally built in 1910, this remarkable property blends timeless Southern elegance with commercial versatility. Guests are welcomed by grand architectural details, expansive gathering spaces, beautifully appointed guest rooms, and the impressive Cora Lily Grand Ballroom—an elegant venue space capable of hosting weddings, receptions, corporate events, private parties, retreats, and special occasions. Over the past year, the property has undergone extensive improvements, including significant interior and exterior painting, ballroom enhancements, flooring upgrades, wallpaper restoration, plumbing improvements, drainage work, pressure washing, window cleaning, and other capital improvements designed to prepare the property for its next chapter. The venue ceased operations during the COVID pandemic and has remained largely dormant since; however, the infrastructure, historic charm, and event-oriented layout remain in place, presenting a unique opportunity for an entrepreneur, hospitality operator, event company, boutique inn owner, or investor to reestablish a thriving destination venue. According to the seller, the property previously generated approximately $1,000,000 annually in gross revenue during its peak operating years. Buyers are encouraged to independently verify all business-related information. Located in the heart of Downtown Benson, this property offers convenient access to Raleigh, Fayetteville, I-95, and the rapidly growing Triangle region. Opportunities to acquire a historic venue property with this level of character, history, and business potential are exceedingly rare. Whether envisioned as a wedding venue, boutique inn, corporate retreat center, event destination, restaurant concept, mixed-use hospitality property, or grand private residence, the Preston Woodall House is ready for its next steward to bring this landmark property back to life. The Preston Woodhall House has not operated since Covid in 2021. No financial records from 2022 - Current.