2540 Falling Spring Rd Chambersburg, PA 17202

Property Details for 2540 Falling Spring Rd

Lot size

4.36 lot acres

Property size

6,500 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents the Falling Spring Bed and Breakfast Lodging House, a well-established business located at 2540 Falling Spring Rd, Chambersburg, PA 17202. The property boasts 6,500 square feet across three buildings on a 4.36-acre lot, offering 11 rentable units (one currently occupied by the on-site manager). Substantial renovations were completed in 2017 and 2023, including new luxury vinyl plank flooring, updated electrical and plumbing systems, new light fixtures, updated bathrooms, two new A/C systems, and two new heat pumps. The property features a large parking lot with over 50 spaces, ideal for accommodating guests and events. Additional income potential exists with a Cape Cod-style storage building and a large garage building with an office area and half bath, suitable for leasing. The property is zoned residential and enjoys a strong NOI of $94,432, resulting in an attractive 11.88% cap rate. The asking price is $795,000, with seller financing considered for qualified buyers. The on-site manager, responsible for daily cleaning and continental breakfast service, is willing to continue employment with the new owner. The property's history includes hosting former Presidents Jimmy Carter and Bill Clinton. The large parking lot, coupled with a blacktopped area in the rear courtyard, provides ample space for outdoor events. This turnkey operation offers a significant return on investment and substantial potential for increased revenue. The property is offered fee simple. A 1031 exchange is permitted.

Location Insight

City

Chambersburg

County

Franklin

State

Pennsylvania

Longitude

-77.5997304

Latitude

39.9032692