211 Hanks Rd, Troy, PA 16947

Property Details for 211 Hanks Rd

Lot size

30.00 lot acres

Property type

Commercial real estate

Description

This exceptional 30-acre Pennsylvania estate presents a unique investment opportunity, combining historic charm with substantial income potential. The property features a meticulously restored 1790s barn, a popular wedding venue for seven years, boasting a rare indoor silo, new steel roof, custom windows, two bathrooms, a bar, and an expansive upstairs balcony. A charming 3,555 sq ft, 1809-built Bed and Breakfast, fully renovated with seven bedrooms and three bathrooms, accommodates up to 16 guests. A thriving rental decor business provides event supplies, offering expansion potential. Finally, the fertile 30 acres, verified by Penn State Extension as having exceptional loam soil, are ideal for diverse crop cultivation (hay, corn, soybeans, wheat), livestock, or sustainable farming. Located near Elmira/Corning Airport, this property offers a blend of rural tranquility and convenient access to urban amenities. The property includes a well, RV parking, and various outbuildings. The asking price is $949,900, with a Net Operating Income (NOI) of $114,237 and a 12.03% cap rate. This turnkey operation offers a rare chance to own a thriving, multi-faceted business in a picturesque setting. The main house features hardwood floors, wall-to-wall carpeting, and an enclosed porch. The barn has a metal roof and the main house has an asphalt shingle roof. Outdoor amenities include a patio, deck, and fire pit. The property is ideal for those seeking a self-sufficient lifestyle, a multi-generational home, or a unique investment opportunity.

Location Insight

City

Troy

County

Bradford

State

Pennsylvania

Longitude

-76.6513561

Latitude

41.7551046