3304 Ruritan Lake, Palmyra, VA 22963 | For Sale

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For Sale $2,900,000 ($342.26 per Sq Ft)

$2,900,000 ($342.26 per Sq Ft)
  • (0)
  • Units
  • 8,473 Sq Ft
  • 2,812,669 Sq Ft
  • Unknown Cap Rate

Description

Welcome to Cunningham Creek Winery and your opportunity to own a turn-key award-winning boutique winery in the heart of the Monticello Wine Trail. Beginning in 2012, the current owners transformed this former cattle farm into a thriving destination for wine lovers near and far. The first vines were planted in 2013, followed by successive plantings to expand the vineyard to approximately 13 acres of Cab Franc, Chardonnay, Merlot, Petit Verdot, Pinot Gris, and Viognier grapes. There is space for you to expand the current vineyard on the 60+ acre property. All of the wine is made on premises in the state-of-the-art production area completed in 2017. The winery space has the capacity to produce 4000 cases annually. Current production is approximately 2000 cases per year, which allows you to increase production or gain additional income from custom crush clients. The production equipment is a winemaker’s dream, including 7 custom-made stainless-steel tanks, 100+ French oak barrels, 2000-liter press, sorting table, de-stemmer, 2 elevators, 2 pumps, a forklift, and more. The wines produced here have won many awards, including coveted gold medals from the Virginia Governor’s Cup. Approximately 98% of the wine is sold on-site to tasting room customers and CCW’s sizeable Wine Club membership. There is untapped potential to increase sales outside the tasting room by working with a distributor. The tasting room and outdoor space were designed to create an atmosphere that welcomes guests to stay awhile and enjoy their favorite wines. It was purpose-built to support visitors year-round. The ample indoor space comfortably seats 80 guests at tables & chairs, sofas & soft chairs. Guests are surrounded by art that adorns the walls and quilts from the local Piecemaker’s group. In the winter, a large stone wood-burning fireplace adds to the welcoming ambiance. A “music corner” for indoor music doubles as a children’s play area when not used for music. Snacks and unique gift items are available in the Farm Store. A private room is also regularly rented for small parties and business meetings. There are 3 restrooms inside, one with an external door, making renting additional restrooms unnecessary for most events. When you step outside, you’re greeted with a beautiful view of the vineyard, trees, and rolling hills. Again, various seating options exist on the L-shaped deck and a large manicured lawn area. The deck can seat 42 guests at a combination of table and chair sets, all with a view of the music stage below the vines. The main deck has a retractable waterproof covering. Off the deck are picnic tables, tables, and chair sets under 12 pergolas with retractable waterproof awnings. For guests who prefer small group seating, clusters of Adirondack chairs are scattered on the lawn. Again, all can see and enjoy the live music on the outdoor stage. Surrounding the pergolas, the lawn stretched to the trees, vines, and dog park, offering plenty of room for large groups to spread out and kids to play. The dog park is fenced, so dogs and their people can romp freely. There is a water pump and, in summer, a dog pool in the dog park. Cunningham Creek Winery is perfectly constructed to offer many special events, including weekly live music, food trucks, and yoga. Team trivia and music bingo are offered monthly and have a large following. The large, ample seating in the tasting room and outside allows live music to proceed year-round despite the weather. There are various annual events throughout the year where CCW partners with community non-profit organizations. The annual Harvest Fest boasts a one-of-a-kind mini-pumpkin slingshot, and the Easter Cork Hunt with a visit from “the real” Easter Bunny is among the highly anticipated yearly events. If you’ve ever dreamed of owning an award-winning winery with a talented and experienced winemaker and staff, Cunningham Creek Winery is waiting for you!

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


The income description goes here to explain

Expenses

Property Details

List Price $2,900,000
Property Type Agricultural
Usable Sqft 8,473
Number of Stories 0 stories
Parking Spots 0 spots
Year Built 2017
Last Sold Unknown
Sold Price Unknown
APN # 17 A 74
MLS # VAFN2000352
Property ID 320523353
Lot Sqft 2,812,669
Zoning A1
Days on Market 31
Original List Price Unknown
Date Updated October 23, 2024
Date Created October 22, 2024

Financials not available online. Please inquire with your agent for more details.

Listing Provided By

Deidre E Carpenter an agent of . Lic #0225234439


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Data last updated: November 22, 2024.
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