YOU OTTER CHECK THIS OUT: Altoona B&B Hits the Market
after three decades, Otter Creek Inn is being sold as a turnkey business
V1 Staff |
The Otter Creek Inn bed and breakfast – located just off of U.S. Highway 12 at 2536 Hansen Lane, Altoona – is up for sale after more than 35 years of business. The near-7,000-square-foot B&B sits on an acre of land, and comes with a price tag of $949,900.
Listed by HSC Brokers, the classic English Tudor-style inn features six guest rooms, each fitted with a private bathroom, gas fireplace, and jacuzzi tub, as well as an additional private owner/staff quarters space which includes two bedrooms, one bathroom, a kitchen, and a living space. The inn was updated in 2018 and 2020 with a new roof, insulation, appliances and hot water heater, and mattresses.
Its 1.02-acre lot encompasses a courtyard with a gazebo under towering trees paired with well-groomed landscaping. The property also features a heated 12-plus car garage, two-car maintenance garage, and about 16 spaces for guest and employee parking.
All of the furniture, fixtures, and equipment are listed as worth $75,000 and are included in the asking price. An additional $5,000 worth of inventory is available too, not included in the asking price.
The Otter Creek Inn pulls a gross revenue of $220,000 and cash flow of $100,000, according to the listing. It is being sold turnkey – ready for immediate business or use – with the opportunity to be trained in. The B&B boasts a near-perfect rating across Expedia, TripAdvisor, Yelp, and other travel sites, and with a newer website with a built-in booking system, the inn could be perfect for someone looking to break into the biz.
See more photos and the listing brochure online. Contact broker Judi Malone for more information at judi@hscbrokers.com.
Editor's note: This article has been updated to correct a factual error about the inn's ownership.
