2961 Lycoming Creek RdWilliamsport, PA 17701

  • Hospitality properties
  • 1,910 SF
For Sale
$899,000 View listing

Property Details for 2961 Lycoming Creek Rd

Year built
1925
Lot size
0.80 AC
Property size (Sq ft)
1,910 SF
Property type
Hospitality properties
Property subtype
Hotels
APN
26+,021.0-0204.00-000+
APU
260210020400000

Description

This exceptional investment opportunity presents Bing's Motel, a well-established hospitality business located in Williamsport, Pennsylvania. The property boasts 18 air-conditioned guest rooms, each equipped with a refrigerator, microwave, flat-screen TV with cable, and complimentary internet access. Bathrooms feature shower/tub combinations, and rooms include blackout drapes/curtains and phones with free local calls. The motel sits on a 0.80-acre lot (34,848 sq ft) and includes four buildings totaling 6,597 square feet, constructed in 1940 and extensively renovated in 2021. Ample parking is available for guests, including space for trucks and trailers. The sale includes all fixtures, furniture, and linens, making this a truly turnkey operation. A significant advantage is the inclusion of a comfortable, approximately 2000 square foot owner's house featuring three bedrooms and two bathrooms. The motel's prime location in the Williamsport business district, known as the Home of Little League Baseball, ensures a strong client base, attracting fans, families, and those attending local events. The property's zoning is commercial, and the asking price is $899,000. Financial information is available upon request to qualified buyers only. The property's APN is Map No 26-0210-0204-000. Eight additional rooms are available for expansion. This is a motivated seller situation.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $350,328
    6.5%
    $323,380
    7%
    $300,282
  • Comparable approach

    Method
    Valuation
    Relative Method
    $410,061
    Geo Method
    $282,372
  • Alternative Use

    Use
    Valuation
    Residential
    $353,037
    Hospitality
    $323,380
    Educational
    $269,048
    Medical
    $278,301
    Retail
    $418,520
2961 Lycoming Creek Rd, Williamsport, Pennsylvania

Location Insight

City
Williamsport
County
Lycoming
State
Pennsylvania
Latitude
41.2837
Longitude
-77.0545
CBSA code
48700
CBSA name
WILLIAMSPORT, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$7,133
$45,070
$274,080
$319,150
-
$45,070
$274,080
$319,150

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