Address
1049 E King Street Lancaster, PA
Price
$ 989,000
Property Attributes
  • MLS#PALA114144
  • TypeCommercial
  • CountyLANCASTER
  • CityLancaster
  • AreaLancaster Twp
  • NeighborhoodLANCASTER TWP
  • Zip17602
  • StyleBed and Breakfast
  • Year Built1915
  • Taxes14060
  • Price$ 989,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5128
  • Lot Size0.32 Acres
Listing Provided Courtesy Of:
Lusk & Associates Sotheby's International Realty
Property Description

Romantic Luxury B&B Investment Opportunity -For those looking for a business to invest of themselves, this operating and financially viable B&B has a proven history of financial profitability and excellence in service. You can own this Romantic Luxury Inn and financially viable Bed & Breakfast, central to urban Lancaster and PA Dutch country. Recognized as a Distinguished Inns of North America Select Registry member, listed on the National Register of Historic Places, with a 5-star TripAdvisor rating for Romantic and Elegant Getaways. 100+ years young, with architecturally crafted Mission style exterior, the Inn offers 8 luxury rooms with baths, including carriage house suite. A luxurious Dining Room and Parlor seamlessly invite the guest to wander into a sun-drenched Florida-style room, complimenting the Inn's elegance and vitality. Many vintage touches abound, from pedestal and claw-foot tubs to ornate fireplaces, rich hardwood floors and rainbow-colored stained glass, further complimenting the aura of King's Cottage. The Carriage House, meticulously appointed, offers a private suite, tucked away from the main inn, with fetching fragrances drifting by from numerous plantings and flowers. Professionally landscaped, soothing fish pond, gorgeous tile work from steps to foot paths, rounded out with gardens. Private parking, side street entrance, electric car charger enhance the guest experience. Manager quarters on-site. Local adventures into PA Dutch country are within easy access; guests follow the well-trod path known as the Old Philadelphia Pike and its many divergent roads. Urban adventures create foodie fun and the discovery of the craft brewery scene, boutiques, art, music, and historic buildings like Central Market and Wheatland. This romantic getaway appeals to many travellers, from the active enthusiast, to the demure looking for a space to breathe, the Inn's ambience is a beautiful relaxing choice and for those looking for a business they can participate in, King's Cottage is a well established, sound investment.

Price History
12/20/2018 Listed $1,100,000
1/14/2020 11% - $989,000

General Features

Acceptable Financing Cash, Conventional
Accessibility Grab Bars Mod, Mobility Improvements, Other
Business Type Bed and Breakfast
Construction Materials Masonry, Stucco
Cool Fuel Natural Gas, Electric
Cooling Central A/C
County LANCASTER
Electric 200+ Amp Service
Exclusions Some personal property
Flooring Carpet, Concrete, Hardwood, Tile/Brick
Heating Radiator
Historic Y/N Yes
MLS Area Lancaster Twp (10534)
New Construction No
Ownership Fee Simple
Parking Features Electric Vehicle Charging Station(s)
Possession Settlement
Price Per Sq Ft 192.86
Property SubType Services
Property Type Commercial Sale
PropertyCondition Good
Real Estate Owned Y/N No
Roof Tile
Security Features Fire Detection System, Smoke Detector
Sewer Public Sewer
Subdivision Name LANCASTER TWP
Tax Annual Amount 14060.12
Tax Year 2020
Utilities Cable TV Available
Vacation Rental Y/N No
Water Access Y/N No
Zoning LC-LOCAL COMMERCIAL
Zoning Description B&B, Special exception permitted use

Interior Features

Central Air Y/N Yes
Heating Fuel Electric, Natural Gas
Heating Y/N Yes
Hot Water Multi-tank, Natural Gas
Total Restrooms 10

Exterior Features

Building Area Total 5128.00
Car Parking Spaces 8
Fencing Y/n No
Inclusions Business name, Website, Recipes, Furniture List, Client List, Phone numbers
Lot Dimensions 236x80
Lot Features Corner, Front Yard, Landscaping, Private, Rear Yard, Road Frontage, SideYard(s), Pond
Lot Size Acres 0.32
Lot Size Source Assessor
Lot Size Square Feet 13939.00
Navigable Water Y/N No
Total Parking Spaces 8
Type of Parking Driveway, Parking Lot
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
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 17602

Price
AVG $310K
$990K
Taxes
AVG $8,873
$14,060
Visits
AVG 80
261
Year Built
AVG 1951
1915
Walkscore
AVG 65
51
Data Provided by Walkscore ® not using MLS data

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