995 Black Gap RdFayetteville, PA 17222

Property Details for 995 Black Gap Rd

Lot size

17.53 AC

Property type

Commercial real estate

APN

09-C24-16

APU

09C2416

Description

This exceptional 6,473 sq ft multifamily property, situated on 16.15 acres in Fayetteville, PA, presents a unique investment opportunity. Built in 1987 with significant renovations in 2000 and 2023, this Class A property boasts three buildings, including a custom-built main residence featuring seven fireplaces, a gourmet kitchen with soapstone countertops and an ILVE range, five bedrooms each with unique character, and a finished basement complete with a movie theater and game room. Outdoor amenities include a pergola-shaded patio, brick walkways, an outdoor fireplace, a detached garage, and a large outbuilding. The property is zoned R-2 and offers significant potential as a short-term rental (Airbnb) and event venue, with a proven track record of success and current bookings. The property is fully furnished and turnkey, offering immediate income generation. Financial highlights include a current NOI of $85,500, a 5.72% cap rate, and a 46% occupancy rate. The property's location in Fayetteville, PA provides access to year-round attractions. A management company is available for continued short-term rental operation. This is a rare opportunity to acquire a high-performing investment property with significant upside potential in a desirable location. The property's combination of luxurious amenities, expansive grounds, and proven income stream makes it an attractive investment for both seasoned investors and those seeking a unique, high-yield property. The APN is 090C24.016.000000.

• Alternative Use

  Use

  Valuation

  Residential

  $186,481,264

  Hospitality

  $170,815,840

  Educational

  $142,116,768

  Medical

  $147,004,384

  Retail

  $221,070,544

Location Insight

City

Fayetteville

County

Franklin

State

Pennsylvania

Latitude

39.9222

Longitude

-77.5347

CBSA code

16540

CBSA name

CHAMBERSBURG, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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