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21405 Parks Mill Rd 4,728 SF Specialty Building Offered at $699,000 in Abingdon, VA 24211

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Investment Highlights

  • Currently operating as a wedding and event venue with infrastructure for 300 guests
  • Historic grist mill from the late 1700s ideal for adaptive reuse or additional dwelling
  • Three detached buildings built in 2003 for residence, guest lodging, or creative use
  • Nearly eight acres with deeded water rights, creek frontage, and a private waterfall
  • Motivated seller offering a historic property with exceptional redevelopment potential
  • Special-use zoning and new septic system support hospitality, residential, or mixed-use visions

Executive Summary

Motivated seller presents a rare opportunity to acquire Parks Mill, an extraordinary historic property steeped in heritage and natural beauty. Spanning nearly eight acres along the serene 15-Mile Creek, this estate combines timeless character with modern infrastructure, offering endless possibilities for its next chapter. The property includes deeded water rights, nearly a mile of creek frontage, and a private waterfall, creating an unparalleled setting for hospitality, cultural, or residential visions.
Currently operating as a successful wedding and event venue, the estate is fully equipped with established infrastructure, including parking, utilities, ADA-compliant features, and multiple bathhouse facilities to accommodate gatherings of up to 300 guests. At its heart stands the iconic grist mill, a late-1700s architectural landmark that, while non-habitable, offers a compelling opportunity for adaptive reuse. Imagine transforming this historic structure into a restaurant, gallery, wellness retreat, or even an additional dwelling, creating a centerpiece that honors its legacy while embracing modern use.
Three detached buildings constructed in 2003 provide flexible options for an owner’s residence, guest accommodations, or creative spaces. A newly permitted septic system (2021) and special-use zoning further enhance development potential, while select floodplain areas offer income opportunities for up to ten tiny homes. Whether envisioned as a private compound, multi-generational estate, or boutique hospitality destination, Parks Mill is a living piece of history ready for its next steward.

Property Facts

Price $699,000
Price Per SF $147.84
Sale Type Investment or Owner User
Sale Condition Business Value Included
Property Type Specialty
Property Subtype
Lodge/Meeting Hall
  • Specialty Religious Facility
  • Specialty Winery Vineyard
  • Specialty Shelter
Building Class C
Lot Size 7.47 AC
Building Size 4,728 SF
No. Stories 2
Year Built/Renovated 1790/2003
Parking Ratio 10.58/1,000 SF
Zoning A-2

Amenities

  • Waterfront
  • Wheelchair Accessible

About 21405 PARKS MILL RD , ABINGDON, VA 24211

Steeped in history and natural beauty, this extraordinary historic grist mill property—known for generations as Parks Mill—is offered with an existing special use permit and presents a rare opportunity to steward a truly irreplaceable estate. Set amid nearly eight acres of pastoral countryside, this remarkable multi-building compound is a place where past and present converge in quiet harmony. For centuries, the rushing waters of 15-Mile Creek have shaped life here. Today, deeded water rights convey nearly a mile of creek frontage, where flowing water, mature landscape, and a secluded private waterfall create an atmosphere of rare serenity and romance. The sound of the water sets the tone throughout the property, lending a timeless calm that feels both grounding and inspiring. The estate has already proven itself as a successful and beloved event venue. Thoughtfully established infrastructure—including parking, utilities, ADA considerations, and multiple bathhouse facilities distributed across the grounds—allows gatherings of up to 300 guests to continue seamlessly under new ownership. At the heart of the property stands the historic grist mill, dating to the late 1700s, a commanding and soulful structure that anchors the land both visually and historically. While non-habitable and requiring restoration, the mill offers a rare and compelling opportunity for adaptive reuse, lending itself naturally to a restaurant or bar, gallery, wellness pavilion, or intimate lodge—an architectural centerpiece waiting to be reimagined. Surrounding the mill are three detached buildings constructed in 2003, forming a flexible, compound-style layout. The primary residence functions comfortably as an owner's retreat or caretaker's quarters, while a secondary building with inviting covered porches offers ideal space for guest accommodations, a studio, or a quiet place to gather. A dedicated bathhouse and utility building further support events, guests, and future wellness or service-oriented uses with ease. The detached nature of the structures, existing utilities, and thoughtful distribution of facilities allow the property to transition effortlessly into a private residential compound, retreat, or multi-generational legacy estate. Agricultural, mixed-use, and special-use zoning provide meaningful flexibility for hospitality, educational, cultural, or residential visions. A newly permitted septic system installed in 2021 further strengthens the foundation for future development. Select portions of the floodplain offer additional income potential, with the ability to support up to ten tiny homes on double axles utilizing a dump-and-pump system. Few properties of this caliber remain—an authentic industrial landmark shaped by water, time, and purpose, yet supported by modern infrastructure and a proven history of successful use. This is more than a property; it is a living piece of history, ready for its next steward to thoughtfully write the next chapter. Information obtained from seller and public records. All information to be verified by buyer and buyer's agent.

Property Taxes

Property Taxes

Parcel Number
146-A-46
Land Assessment
$143,500
Improvements Assessment
$136,800
Total Assessment
$280,300
  • Listing ID: 39443554

  • Date on Market: 2/14/2026

  • Last Updated:

  • Address: 21405 Parks Mill Rd, Abingdon, VA 24211

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