2540 Falling Spring Road Chambersburg, PA 17202

$795,000
11
Beds
6
Baths
4.36
Acres
6,500
SQFT
122
$/SQFT
$795,000
11
Beds
6
Baths
6,500   sf
$122 / sf
Favorite

active
1/59
virtual tour iconVirtual Tour
Street View

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!

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!

  • Neighborhood
  • Type
  • Total Baths
  • County
    Franklin
  • Area
    Guilford Twp
  • Tax Amount
    $11,182
  • Status
    Active
  • Listing #
    PAFL2020816
  • Built
    1985
  • Lot Size
    4.36
  • Listed on site
    191 days
  • Listing Agent Id
    302198241289
  • Co Listing Agent Id
    121155646302

Listed by:
RE/MAX 1st Advantage

Source:
BRIGHT MLS

Click for Map
Smart Commute Planner
Add a destination

School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions
  • InLaw Suite

View

  • Creek view
  • Greenbelt View
  • Wooded View

Exterior features

  • Balcony
  • Deck
  • Has garage
  • Garage Detached
  • No Pool
  • Parking Off-Street
  • Patio
  • Basement
  • Tennis Court

Interior Features

  • Central Air Conditioning
  • Fire Place
  • Great Room
  • Main Floor Bedroom

Property History

DateDays AgoEventNew Price
Aug 15, 20244 mos agoPrice decreased100,000 (11%)$795,000
Jun 14, 20246 mos agoNew on market$895,000
Favorite

Tour This Home

Mon
23Dec
Tue
24Dec
Wed
25Dec
Thu
26Dec
Fri
27Dec
Sat
28Dec
Sun
29Dec
Mon
30Dec
Tue
31Dec
Wed
01Jan
Thu
02Jan
Fri
03Jan
Sat
04Jan
Sun
05Jan
in Person
via Video Call