Historic Mixed-Use Hospitality
900 Chambersburg Rd/1240 Herrs Ridge Road, Gettysburg, PA 17325
For Sale
New
$1,995,000
Operations include dining, lodging, banquet events, and a separate owner residence.
Property Size21,271 SF
Price / SF$93.79
Days on Market2
Property Features for 900 Chambersburg Rd/1240 Herrs Ridge Road
General Information
Standard status
Size
Zoning
Additional Details
Business Included
Taxes and HOA fees
Annual Taxes
Amenities
Carpet,Ceramic Tile,Concrete,Hardwood
Natural Gas
Yes
Restaurant equipment,liquor license,inventory.
No
Corner,Road Frontage
Well
2.93
Estimated
Parking Lot
Handicap Parking,Electric Vehicle Charging Station(s),Lighted Parking,Paved Parking
Black Top
128
Block,Concrete Perimeter,Stone
21271.00
206100.00
Boro/Township,State
Building Details
Building Size
Year Built
Listing Agency:
Sites Realty, Inc.
(717) 334-4674
Listed By:
David L Sites · License #RM044314A
(717) 487-4000
Source:
Knot6
Added: Nov 8
Last Checked: Nov 8 at 3:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sites Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property combines a fine-dining restaurant and tavern with lodging and event facilities. Guest accommodations include a 10-room bed and breakfast and a detached five-bedroom bed and breakfast known as Anna. A four-bedroom owner residence is also part of the offering.
Banquet and wedding facilities provide combined event seating for more than 600. The property includes one full R liquor license.
Banquet and wedding facilities provide combined event seating for more than 600. The property includes one full R liquor license.
Key Highlights
- Tavern identified as operating since 1812
- Fine‑dining restaurant and tavern
- 10‑room bed and breakfast plus detached five‑bedroom Anna B&B
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,127
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,682,540
$2.7M
Cap Rate 7%
$1,916,100
$1.9M
Cap Rate 9%
$1,490,300
$1.5M
Market Conditions
NOI Build-Up for 21,271 SF
Gross rent
$319.1K $15.00/SF
− Vacancy
−$36.7K −$1.73/SF
EGI
$282.4K $13.28/SF
− OpEx
−$148.2K −$6.97/SF
NOI
$134.1K $6.31/SF
Area
Adams County, PA
Vacancy
11.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,682,540
Cap Rate 7%
$1,916,100
Cap Rate 9%
$1,490,300
Alternative Uses
Best Use
Specialty Retail
$3.92M
$3.43M – $4.57M
NOI $274,236 @ 7.0% cap · market cap 13.75%
Second Best
Mixed Use
$3.15M
$2.75M – $3.67M
NOI $220,155 @ 7.0% cap · market cap 11.04%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 17325, PA
27,879
Population
12,021
Households
2.3
Avg Household Size
45
Median Age
34%
College-Educated
92%
High-School Grad
126.0 sq mi
ZIP Area
221
Density / Sq Mi
$79,351
Median Household Income
$32,633
Median Earnings
$956
Median Rent
$278,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Operations include dining, lodging, banquet events, and a separate owner residence.
Where is this mixed-use property located?
The property is located at 900 Chambersburg Rd/1240 Herrs Ridge Road Gettysburg, PA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Tavern identified as operating since 1812; Fine‑dining restaurant and tavern; 10‑room bed and breakfast plus detached five‑bedroom Anna B&B
