Rare Opportunity at Penn's Cave

Asking Price$34,000,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

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Rare Opportunity at Penn's Cave


Asking Price$34,000,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
A landmark destination in the heart of Pennsylvania, the Penn’s Cave property offers an extraordinary opportunity to acquire approximately 1,400 acres encompassing a renowned natural attraction, operating tourism business, working Century Farm, wildlife park, multiple residences, rental homes, farmland, historic resources and opportunities for hunting and fishing.
Upon arrival, guests pass the historic Penn’s Cave House. Orginally built in 1885 as a 30-room hotel, the building now accommodates corporate offices and private events. Nearby, the Penn’s Cave Visitor Center, opened in 1980, houses a large gift shop, café and ticket counter. From here, a pathway leads visitors to the entrance of Penn’s Cave.
Estimated to be 30 million years old, Penn’s Cave is an approximately quarter-mile-long limestone cavern. For generations, the business has welcomed guests aboard guided boat tours through its waterways and remarkable formations, including stalactites, stalagmites, columns, draperies, flowstone and soda straws. The cavern reaches 55 feet at its highest point and remains a constant 52 degrees year-round. Both the cavern and Penn’s Cave House are listed on the National Register of Historic Places.
Penn’s Cave contains one main spring, while two additional springs are located within Lake Nitanee. The water source within the cave alone contributes approximately 8–11 million gallons of water daily and is the headwater to Penns Creek. The manmade Lake Nitanee’s dam regulates the cavern’s water level, while Lake Nitanee and Penns Creek offer premier trout fishing.
Also located within the property is Penn’s Cave Farm, which received the Pennsylvania Department of Agriculture’s Century Farm Award in 2008. The nearly 308-acre Farm and Wildlife Park offers guided tours through fields, pastures, forests and mountain terrain. Guests can view bison, Texas Longhorn cattle, elk, wolves, mountain lions, wild horses, burros and other animals, while carefully preserved habitats support additional abundant native wildlife.
Additional attractions include a miner’s maze, gemstone panning, picnic grounds and off-road mountain tours. The estate’s waterways, forests and expansive acreage provide further opportunities for fishing, hunting and outdoor recreation.
Pilots and their passengers may arrive through Penn’s Cave Airport, an FAA-designated private fly-in facility featuring an approximately 2,500-by-40-foot asphalt runway within walking distance of the Visitor Center. The unmanned airport also includes two hangars currently used for maintenance and storage.
Penn’s Cave, Inc. is a turn-key business with approximately 75,000 tourists annually from all 50 states, Europe, North and South America, Asia and Africa including bus tour groups and school groups and high traffic from Penn State University visitors as the campus is just 25 miles away.
The assemblage comprises 17 parcels and 9 habitable structures, including Penn’s Cave House, a camp, a renovated pilot’s lounge, three owner residences and three rental homes with month-to-month leases.
Among the property’s most important features are its abundant and carefully preserved natural resources. Representing one of Pennsylvania’s most significant privately held headwater landscapes, the estate encompasses the source and upper tributaries of Penns Creek, a Class A wild trout stream and major tributary of the Susquehanna River.
Conservation initiatives include providing homes for wild horses and burros through Gentled Hearts Stable, welcoming a rehabilitated gray fox through Centre Wildlife Care and supporting the Wildlife for Everyone Foundation’s habitat and conservation work across Pennsylvania.
This is a rare opportunity to acquire and steward one of Pennsylvania’s most celebrated destinations while carrying its remarkable legacy into the future.
About the Business
Years in Operation
118
Currently Home Based
Yes
Facilities & Assets
​Approx. 1,400 acres comprising 17 parcels
​Rare all-water limestone cavern
​Cave spring forms the headwaters of Penns Creek, a Class A wild trout stream
​Penn’s Cave and Penn’s Cave House
Attractions include a wildlife park, farm tours, guided boat tours & more
​308-acre working PA Century Farm
​Visitor Center w/gift shop, café & ticketing operations
​9 habitable structures, including 3 residences, 3 rental homes, Penns Cave House, pilots lounge & camp (cabin)
​Private FAA-designated airport w/an approx. 2,500-by-40-foot asphalt runway & 2 hangars
25 miles from Penn State University
​Fishing, hunting & outdoor rec opportunities
Lake Nitanee & multiple natural springs located throughout
​Significant historic, agricultural, recreational & conservation resources
Opportunities for Growth
With zoning that varies and 8-11 million gallons of water produced daily, this property has plenty of opportunity.
Real Estate
Owned or Leased
Owned
Included in asking price
Listing Info
ID
2556325
Listing Views
23
Business Location

Listing ID: 2556325 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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