Spencer House Bed and Breakfast
Erie, PA
Offered for sale at $1,050,000
Right now, the Spencer House is the only Bed and Breakfast in the city of Erie. It has many of the fine features of the original building, with elegant wood paneling and details throughout. Presenting a grand first impression, there are common rooms on both sides and a wooden staircase leading to the guest rooms on the second and third floors. In addition to the space currently used as Owners’ Quarters on the first floor, there is also a separate 2 story garage with an additional apartment unit upstairs that is currently utilized as a long-term rental and provides an additional revenue stream. Off-street parking is also available on site, and the streetscape is open and well preserved since this was the wealthy section of the city. The Inn’s business is strong and growing – latest figures indicated an increase of 13% Y/Y revenue growth (2023 – 2024), with an astonishing 47% increase in net profit during that same time period.
Property Details- 6 Guest Rooms
- 6 Guest Room Baths
- Has Owner's Quarters
- Built in 1876
- Last Renovated in 1992
- Opened in 1992
- Building is 7,781 SQFT
- Lot is 0.3 Acres
- Photo Gallery
- Property Website
Financial Details- Offered for sale at $1,050,000
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