Property Description

Incredible investment opportunity! Up to 12 potential rental units on one parcel with a Peddler’s Village look and feel! This property offers a gorgeous and history-rich 5- bedroom home built in 1714 and which has been operating as the Morgan Hughes Homestead Bed & Breakfast. The B&B use is strictly optional for the eventual purchaser as it could also be a primary residence or long-term rental. There is a converted 2-story barn with 4 units that can toggle between commercial office space and residential apartments. The first floor has a commercial space with 5 rooms and a 2-bedroom apartment with living room, kitchenette and dining area. An insurance company utilized the entire first floor (all 10 rooms) as commercial office space since 1982 but recently moved when they merged with another/larger company. The second floor has two rental units, one is a 1 bedroom (could be 2 bedrooms) with a fireplace currently occupied by a residential tenant and the other is a 2-bedroom unit being used by a family therapist. The barn has a 3rd floor unfinished area with soaring ceilings that could be made into a high-end finished loft making it an exceptional professional office or apartment. Another building referred to as the cottage has space also currently utilized by the same family therapist and a separate 1-bedroom apartment which is currently occupied by a residential tenant. There is an inground pool on the property with an adjacent pool house. The pool house has 3 potential units, a 2 bedroom apartment which is currently occupied by a residential tenant, a vacant 1 bedroom apartment and a great room/conference/entertainment area with full kitchen, pool table, bath, and sliders to pool area that has been rented out in the past for corporate meetings and private events. Lastly, there is a 3-car garage with attached workshop on the property. The grounds and landscaping are beautiful! Plenty of parking for all the uses. 8 storage/maintenance sheds, 2 stone gazebos, split rail fencing around pool house, and gated entrance from Bridle Path Dr. This is a rare opportunity with tremendous income potential. **Buyer should review all current and intended uses with the municipality.**

Features
Address Map
US
PA
LANSDALE
19446
1140 SUMNEYTOWN PIKE
W76° 40' 51''
N40° 13' 55.4''
Additional Information
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Pending
TRENDPA
Bright MLS
Scott
Loper
2156311900
Keller Williams Real Estate-Montgomeryville
$16,808
TOWAMENCIN TWP
MONTGOMERY
2019-12-02T17:29:22+00:00
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Commercial

1140 SUMNEYTOWN PIKE, LANSDALE, Pennsylvania 19446

3.12 Acre
$1,495,000
Listing ID #PAMC615414
Basic Details
Property Type : Commercial
Listing Type : For Sale
Listing ID : PAMC615414
Price : $1,495,000
Year Built : 1714
Lot Area : 3.12 Acre
Contact Agent
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