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2540 Falling Spring Road

CHAMBERSBURG, PA 17202
  • $795,000
  • STATUS: Active
  • ON SITE: 146 Days
  • ID#: PAFL2020848
UPDATED: 22 min ago
$795,000
  • 0
    BEDS
  • 4.36
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,500
    SQFT
  • $122
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1985
County:

School Information

Middle School:
School District:

Description

Welcome to the Falling Spring Bed and Breakfast Lodging House, a unique property that offers the perspective owner a great opportunity for substantial, additional income! Seller financing will be considered for qualified buyers. Well known in the area, Falling Spring once hosted former Presidents Jimmy Carter and Bill Clinton, who visited the area to fly fish on the spring bearing the same name. Lovingly maintained and renovated by its current owner since he acquired it in 2017, the main building boasts numerous improvements including new luxury vinyl plank flooring throughout, electrical wiring updated to meet L&I Code, all new plumbing, new light fixtures, updated bathrooms, two new A/C systems, and two new heat pumps. An on-site manager, who is responsible for cleaning and serving a continental breakfast daily, is willing to stay on with the new owner. The building also has 11 rentable rooms (one currently occupied by the manager), a pair of coin-operated laundry machines, and offers the potential for over $100,000 in net annual income assuming full occupancy. Want more space? There is a Cape Cod style storage building on the property, that could easily be finished, as well as a large garage building featuring an office area, a half bath, three new doors, and a new breaker box. Big enough to accomodate several large vehicles or a car collection, this garage could easily be leased out to provide even more rental income. Thinking of hosting events? The large parking lot, which runs parallel to Park Terrace Drive, provides more than 40 spaces to acoomodate your guests! Also, the blacktopped area to the right of the rear courtyard provides an ideal space for a tent to host outdoor events in the spring and summer months. Don't miss out on this great business opportunity! Bring offers to this motivated seller!

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-11-08T08:53:16.153.
www.centralpahomesaleteam.com/homes/151701822
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2540 Falling Spring Road CHAMBERSBURG, PA 17202

  • Price: $795,000
  • Status: Active
  • On Site: 146 Days
  • Updated: 22 min ago
  • ID#: PAFL2020848
0
Beds
0
Baths
0
½ Baths
4.36
Acres
6,500
SQFT
$122
$/SQFT
1985
Built
Neighborhood:
Chambersburg
County:
Franklin
Area:
Guilford Twp (14510)
Middle School:
Faust Junior High School
High School:
Chambersburg Area Senior
School District:
Chambersburg Area
Property Description
Welcome to the Falling Spring Bed and Breakfast Lodging House, a unique property that offers the perspective owner a great opportunity for substantial, additional income! Seller financing will be considered for qualified buyers. Well known in the area, Falling Spring once hosted former Presidents Jimmy Carter and Bill Clinton, who visited the area to fly fish on the spring bearing the same name. Lovingly maintained and renovated by its current owner since he acquired it in 2017, the main building boasts numerous improvements including new luxury vinyl plank flooring throughout, electrical wiring updated to meet L&I Code, all new plumbing, new light fixtures, updated bathrooms, two new A/C systems, and two new heat pumps. An on-site manager, who is responsible for cleaning and serving a continental breakfast daily, is willing to stay on with the new owner. The building also has 11 rentable rooms (one currently occupied by the manager), a pair of coin-operated laundry machines, and offers the potential for over $100,000 in net annual income assuming full occupancy. Want more space? There is a Cape Cod style storage building on the property, that could easily be finished, as well as a large garage building featuring an office area, a half bath, three new doors, and a new breaker box. Big enough to accomodate several large vehicles or a car collection, this garage could easily be leased out to provide even more rental income. Thinking of hosting events? The large parking lot, which runs parallel to Park Terrace Drive, provides more than 40 spaces to acoomodate your guests! Also, the blacktopped area to the right of the rear courtyard provides an ideal space for a tent to host outdoor events in the spring and summer months. Don't miss out on this great business opportunity! Bring offers to this motivated seller!
Exterior Features

Architectural Style OtherCabin/Lodge Construction Materials Wood Siding Exterior Features Outbuilding(s)Tennis Court(s) Garage Spaces 16.00 Garage Type Garage Door OpenerAdditional Storage Area Garage YN Yes Location Type Spring Lot Features IrregularStream/CreekPartly Wooded Other Structures Office/Studio Parking Features Paved DrivewayHeated Parking Types DrivewayDetached GarageOff StreetParking Lot Patio And Porch Features Patio(s)Deck(s)Balcony Pool No Pool Roof Metal View Creek/StreamPanoramicScenic VistaTrees/Woods Water Access YN No Water View YN Yes Waterfront YN No

Interior Features

Above Grade Fin SQFT 6500 Basement Outside EntranceCombination Basement YN Yes Cooling Central A/C Fireplace YN Yes Fireplaces Total 1 Flooring Luxury Vinyl Plank Heating Forced Air Heating YN Yes Inclusions One set of coin-operated laundry machinesfive refrigeratorsthree microwavesand one stand-alone freezer. Interior Features AtticBreakfast AreaDining AreaKitchen - CountryExposed Beams Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 2 Units Furnished All

Property Features

Acceptable Financing Bank PortfolioCashLease PurchaseSeller Financing Accessibility Features Ramp - Main LevelLevel Entry - Main Central Air YN Yes Cooling Fuel Electric Electric 100 Amp Service200+ Amp Service Heating Fuel Natural Gas Hot Water ElectricInstant Hot WaterNatural Gas Municipality GUILFORD TWP Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 803148933096 Ownership Interest Fee Simple Property Sub Type Other Sale Type Standard Sewer Public Sewer Structure Design Type Other Tax Annual Amount 11182.02 Vacation Rental YN No Water Source Public Zoning RESIDENTIAL Zoning Description Residential - (R-1) - Low-Density Residential Zoning District

Listing courtesy of RE/MAX 1st Advantage: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-11-08T08:53:16.153.
 
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