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1049 E King Street, Lancaster, PA 17602
$875,000
1049 E King Street, Lancaster, PA 17602View this property at 1049 E King Street, Lancaster, PA 17602
1049 E King StreetLancasterPA17602
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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.
Full Property Details
Full Property Details for 1049 E King St
General
- Sold For: $875,000
- Taxes: $14,060 (2020)
- Status: Closed
- Type: Business
- MLS ID: PALA114066
- Added to Site: 1, 965 day(s) ago
Business
- Business Type: Bed and Breakfast
Interior
- Flooring: Carpet, Concrete, Hardwood, Tile/Brick
Rooms
Bathrooms
- Restrooms: 10
Additional Information
- Security/Safety: Fire Detection System, Smoke Detector
- Other Features: Ceiling Fans, Basement, Fire Alarm, Kitchen, Private Restrooms, Reception Area, Refrigerator(s), Security Lighting, Security System, Shelving, Showers
Parking
- Total Spaces: 8
- Parking Features: Electric Vehicle Charging Station(s)
- Parking Type: Driveway, Parking Lot
Location
- Area: Lancaster Twp (10534)
- Municipality: LANCASTER TWP
- County: Lancaster
- Development Name: Lancaster Twp
- Subdivision: Lancaster Twp
- Driving Directions: RT 340 W thru Bridgeport area and over Conestoga Bridge. Continue to Cottage Ave residential neighborhood on right. B&B on left side of Cottage Ave and E. King St intersection.
- Historic District: Yes
School Information
- School District: School District Of Lancaster
- High School: McCaskey H.S.
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Natural Gas
- Heating Type: Hot Water, Radiator
- Heating Fuel: Electric, Natural Gas
- Water Heater: Multi-tank, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV Available
Structural Information
- Construction: Masonry, Stucco
- Roof: Tile
- Stories/Levels: 0
- Current Bldg. Use: Commercial, Other
- Year Built: 1915
- Year Built Source: Assessor
- Property Condition: Good, Very Good
Unit Information
- # Tenants: Single
Lot Features
- Lot Size (Acres): 0.32
- Lot Size (Sq. Ft.): 13,939
- Lot Dimensions: 236 x 80
- Lot Features: Corner, Front Yard, Landscaping, Pond, Private, Rear Yard, Road Frontage, SideYard(s)
- Zoning: LC - LOCAL COMMERCIAL
- Lot Description: Corner, Front Yard, Landscaping, Pond, Private, Rear Yard, Road Frontage, SideYard(s)
Financial Considerations
- Price Per Sq. Ft.: $192.86
- Assessment Year: 2018
- School Tax: $11,969
- City/TownTax: $498
- City/TownTax Freq: Annually
- County Tax: $1,593
- County Tax Freq: Annually
- Tax w/Assessment: $547,200
- Tax Amount: $14,060
- Tax Year: 2020
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Other
- Exclusions: Some personal property
- Inclusions: Business name, Website, Recipes, Furniture list, Client list, Phone numbers
Listed by Lusk & Associates Sotheby's International Realty, Sherry L Merrill
Sold by Non Subscribing Office, Non Member
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Schools
Schools serving 1049 E King St
School District:School District Of Lancaster
Rating | Name | Grades | Distance |
---|---|---|---|
1001 E Orange St, Lancaster, PA 17602 | PK-5 | 0.2 mi | |
401 N Reservoir St, Lancaster, PA 17602 | PK-5 | 0.7 mi | |
1001 Lehigh Ave, Lancaster, PA 17602 | 6-8 | 0.5 mi | |
445 N Reservoir St, Lancaster, PA 17602 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1049 E King St
Date
Details
Price
Change
Source
9/16/2021
Sold
$875,000
-11.53%
MLS
1/14/2020
Price Reduced
$989,000
-10.09%
MLS
12/18/2018
Listed
$1,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1049 E King Street, Lancaster, PA 17602 (MLS# PALA114066) is a Business property that was sold at $875,000 on September 16, 2021. Want to learn more about 1049 E King Street? Do you have questions about finding other Business real estate for sale in Lancaster? You can browse all Lancaster real estate or contact a Coldwell Banker agent to request more information.