Views
Address
1105 E King Street Lancaster, PA
Price
$ 775,000
Property Attributes
  • MLS#PALA2007502
  • TypeBusiness Op
  • CountyLANCASTER
  • CityLancaster
  • AreaLancaster Twp
  • Zip17602
  • StyleBed and Breakfast
  • Year Built1912
  • Taxes$ 13525
  • Price$ 775,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5060
  • Lot Size0.56 Acres
Listing Provided Courtesy Of:
Puffer Morris Real Estate, Inc.
Data Source:
Bright MLS - 382 - MD
Property Description

Due to the specific nature of the Bed & Breakfast business, the seller's calendar must be consulted by seller's agent and showings scheduled preferably 24-48 hours in advance. This sale consists of two houses (all utilities are separate) on one piece of land. The large historic house is where breakfast is made and served, with five bedrooms on the second and third floors, four and a half baths. The cottage has 1,000 square feet of owner's quarters complete with two bedrooms, and two more bedroom and bathroom suites on the second floor. On over a half-acre of prime Lancaster land you’ll find an astonishingly well cared for estate that will continue to bless its new caretakers with an abundance of Lancaster County loving guests, filling up the seven available rooms and spilling out into the far reaches of local theater, exciting downtown restaurants and shopping. Whether Amish curiosities, rural road exploring, farmer market sampling, amusement parks or more, this centrally located masterpiece is the place to be. Qualities that set this bed and breakfast apart include holding the #1 spot for best Bed & Breakfast in Lancaster County consistently for ten years running. The business's attributes are many and the word frumpy will never enter your lexicon while visiting each carefully curated room. The house was built by C.W. Armstrong, (yes that Armstrong, founding member of the flooring conglomerate) in 1912 in the Dutch colonial style, and at that time nothing but fields and nature dotted the horizon from all points east. The grand house became a Bed and Breakfast in 1987, and under the current innkeeper’s tutelage (fifth in line) the business has consistently (five years running) ranked in the "Top 25 Inns in America" by Trip Advisor, along with other accolades. Not only included in the sale of this business are the exquisite properties and grounds, but also meticulously kept records that show this is a successful business venture. Also included is thorough training from current owners of day-to-day appointments, recipes and instruction for their original gourmet breakfasts (perhaps the sole reason some guests book again and again!), and all computer programs that keep the business running smoothly. An additional consideration, the current owners have up to date plans in place for a cooking school to be held in the well-appointed two car garage, and these plans with direct instruction are included in the sale- yet another very plausible source of revenue that could be added to the bottom line. The current owners, who have been painstakingly improving this massive property for the nearly ten years they have lived and cared for the bed and breakfast, also renovated their large private quarters (another distinction to set this B&B apart) just this year along with installing all new appliances in the kitchen. It consists of over 1,000 square feet, two bedrooms, office and living room, oversized laundry area (including an industrial steam iron system to make efficiency the name of the game) and private deck complete with sun shade and grill. While the innkeepers adore talking to their guests and trading stories and laughs, it is also a relief to have a real home to retreat to when the day is done. Historically, most Bed and Breakfasts do not offer such large and private owners’ areas as these. Do take note, there are two bedrooms on the second floor of the owner’s house, additional rooms designated part of the Bed and Breakfast. You’ll be delighted by the changes each season brings to the grounds; tulips and daffodils in the spring, lilacs over the summer, mums and leaf changes in the fall. Sit on the veranda to catch a breeze, or be mesmerized by the goldfish in the pond. Short of a walk around the property, winter is a time to fold into a comfortable chair or sofa with a book you selected from the library, perhaps beside the fireplace, after tucking a complimentary cookie into your pocket.

Price History
11/10/2021 Listed $775,000

General Features

Acceptable Financing Cash, Conventional
Accessibility None
Building Features Basement, Ceiling Fans, Computer Room, Kitchen, Office, Oven/Range(s), Private Restrooms, Refrigerator(s)
Business Name The Lancaster Bed & Breakfast
Business Type Bed and Breakfast
Construction Materials Stucco, Vinyl Siding, Masonry
Cool Fuel Electric
Cooling Window Unit(s), Ceiling Fan(s)
County LANCASTER
Current Use Other
Days on Market 19
Electric 200+ Amp Service
Electric Expense 3960.00
Exclusions Some art. Foyer bench.
Flooring Wood, Vinyl
Heating Radiator
Historic Y/N No
Location Type Corner Lot/Unit
Lot Size Square Feet 24393.60
MLS Area Lancaster Twp (10534)
Municipality LANCASTER TWP
New Construction No
Possession Immediate
Price Per Sq Ft 153.16
Property SubType Other
Property Type Business Opportunity
Property Use Owner User
PropertyCondition Excellent
Roof Shingle
Sewer Public Sewer
Tax Annual Amount 13525.0
Tax Year 2021
Utilities Cable TV Available, Electric Available, Natural Gas Available, Water Available, Sewer Available
Vacation Rental Y/N No
View Garden/Lawn
Water Access Y/N No
Zoning COMME

Interior Features

Central Air Y/N No
Clear Span Ceiling Height 8' to 10'
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas
Total Restrooms 8

Exterior Features

Building Area Total 5060.00
Car Parking Spaces 7
Door Features French, Storm
Foundation Details Stone, Concrete Perimeter
Inclusions All related bed and breakfast furniture, fixtures, linens, dishes, etc.
Lot Dimensions 1.04.5x246
Lot Features Corner, Level
Lot Size Acres 0.56
Lot Size Source Estimated
Navigable Water Y/N No
Parking Features Private
Road Frontage Length 342
Road Responsibility City/County
Total Parking Spaces 7
Type of Parking Private Garage, Driveway, On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Business Op Average in 17602

Price
AVG $780K
$780K
Taxes
AVG $13,525
$13,525
Visits
AVG 3
2
Year Built
AVG 1912
1912

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