2961 Lycoming Creek RdWilliamsport, PA 17701

Property Details for 2961 Lycoming Creek Rd

Year built

1925

Lot size

0.80 AC

Property size (Sq ft)

1,910 SF

Property type

Hotels

Property subtype

Motels

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.

• 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

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