2540 Falling Spring Road Chambersburg, PA 17202
Listing Courtesy of: BRIGHT IDX / Re/Max 1st Advantage

  2540 Falling Spring Road Chambersburg, PA 17202

Active (174 Days)
$795,000
11
BED
6
BATH
6,500
SQFT

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!

MLS #:
PAFL2020816
Taxes
$11,182(2022)
Lot Size
4.36 acres
Type
Single-Family Home
Year Built
1985
Style
Other, Cabin/Lodge
School District
Chambersburg Area
County
Franklin County

Listed By

James Franklin Penny Iii, Re/Max 1st Advantage
Source
BRIGHT IDX
Last checked Dec 8 2024 at 2:21 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 6
Interior Features
  • Attic
  • Breakfast Area
  • Dining Area
  • Kitchen - Country
  • Exposed Beams
Subdivision
  • Chambersburg
Lot Information
  • Irregular
  • Stream/Creek
  • Partly Wooded
Property Features
  • Above Grade
  • Fireplace: Non-Functioning
Heating and Cooling
  • Forced Air
  • Central A/C
Basement Information
  • Outside Entrance
  • Combination
Flooring
  • Luxury Vinyl Plank
Exterior Features
  • Wood Siding
  • Roof: Metal
Utility Information
  • Sewer: Public Sewer
  • Fuel: Natural Gas
School Information
  • Middle School: Faust Junior High School
  • High School: Chambersburg Area Senior
Parking
  • Paved Driveway
  • Heated
Stories
  • 2
Living Area
  • 6,500 sqft
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Aug 15, 2024
Price Changed
$795,000
-11%
-100,000
Disclaimer: Copyright 2024 Bright MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 12/8/24 06:21