519 W 6th St
Erie, PA 16507
Spencer House Bed & Breakfast · Hospitality Property For Sale · 6,381 SF

THIS IS THE BEST TIME TO BUY YOUR OWN ESTABLISHED, PROFITABLE, AND FINANCIALLY VIABLE BUSINESS! You will have no commute to work you will live in a mansion that is a historic yet fully updated dream home. The Spencer House is the established, profitable, and financially viable #1 Bed & Breakfast in Erie, and is a rare gem grossing over $100K in our very busy 9-month season with off-season additional income potential. Additional 6K gross from year round carriage house loft rental unit or can convert to owner's quarters. We vacation over the winter, but continue to take future reservations by phone and online. We are motivated and priced to sell! YOU ARE PURCHASING REAL ESTATE, GOODWILL, AND FURNITURE AND FIXTURES MAKING THIS TRANSACTION COMPLETELY TURNKEY. The entire property and house have been recently refurbished. THE ZILLOW PROPERTY TAX ESTIMATE IS INCORRECT AS ONLY THE REAL ESTATE IS SUBJECT TO PROPERTY TAXES. Located in Erie's historic "Millionaire's Row", the house features breathtaking original woodwork, large oak center staircase, in script mantles, 12 foot ceilings, and much more. A three bay carriage house is at the back of the property and has a second floor two bedroom apartment that is currently rented providing an additional $6K income but could be used as owner's quarters, opening up a first floor rental. Own a one of a kind mansion on Erie's Millionaire's Row. Established in 1992, this is a turnkey Bed and Breakfast with excellent future reservations and return business. Recently renovated with two new on-demand water heaters, new high-efficiency furnace, new kitchen and appliances, custom energy-efficient windows, and totally repainted inside and out. First floor features a front parlor sitting area, over-sized dining room, library, a large kitchen, pantry with washer and dryer. Also on the first floor is a sitting room/private office and rear bedroom currently used by the owner but which could be converted to another rental unit. The 2nd floor features 1 king suite, 2 queen rooms, and one room with 2 double beds, all with private bathrooms. There is also a sitting area. The 3rd floor features 2 king suites with private bathrooms and another sitting area. A back room is currently used for storage. Each room has its own controllable radiator and an in-window or freestanding air conditioner. Catering to both business travelers and vacationers, Erie is one of the few places to have a large lakeside beach (named the 2016 Best Freshwater Beach by USA Today). From Memorial Day to Labor Day, with little B&B competition, the business is booming. This one-of-a-kind property is in excellent condition and ready for a new owner to take the reigns. Additional revenue can be made by staying open over the winter, catering to business people, coordinating with the local colleges, hosting parties, weddings, and family gatherings.