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Terra Nova House Bed & Breakfast

General
Price: 
387,000
Contact Owner(s): 
Ryan Mercer
Contact Phone Number: 
724-272-7041
City: 
Grove City
Region: 
North West
State: 
Pennsylvania
Business Information
Business Description: 

Terms: Separate transactions: - $350,000 for the property. - $37,000 for the business. - Option to purchase current residence (owners live in neighboring house). All data available after signing NDA.

Years in Business: 
22
Rates: 
$75-190
Occupancy Rate: 
40%
Average Daily Rate: 
118
Property Information
Property Description: 

Terra Nova House is Grove City's award winning hotel alternative. Located in Mercer County, Pennsylvania, the B&B is conveniently located near Grove City Olde Town, Grove City College (GCC), Grove City Premium Outlets, Wabtec, Wendell August Forge, Slippery Rock University (SRU) and many others.

Beautifully-maintained and impressively appointed SIX bedroom, SIX bath, two partial bath home currently used as a successful B&B, the Terra Nova House, since 1998 under three owners. Many recent updates under current ownership. Third floor was completely renovated and now offers even more additional finished space. Modern kitchen (ca. 2010) Pocket doors. Convenient second floor laundry room. Second floor balcony. Two wrap-around porches. Shady back yard. Two car detached garage AND paved, off-street parking for 8 cars. Oversized lot.

Current owners reside in neighboring house (could be added to the agreement) that also has a carriage house offered for long term rentals.

Guest Rooms: 
6
Common Rooms: 
2
Private Baths: 
6
Shared Baths: 
0
Year Built: 
1901
Year Remodeled: 
2014
Square Footage: 
3,500
Realtor
Realtor: 
Damon Covert
Realtor Phone: 
724-992-3347