2961 Lycoming Creek RdWilliamsport, PA 17701
- Hospitality properties
- 1,910 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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