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    OFF-MARKET
    Hotels

    1090 Ragged Edge Rd, Chambersburg, PA 17202-8173

    6.54 ac lot
    Individually Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US73-0892643
    Property summary
    AI-generated overview

    The Inn at Ragged Edge, a stunning 17,000 sq ft historic mansion on 6.5 acres in Chambersburg, PA, is available for $1,995,000 ($117/sq ft). Built in 1900 and renovated in 2014, this three-story property features 13 bedrooms and 13 bathrooms, with 9 currently available for guests. The property includes a full apartment with a private entrance in the basement, three full kitchens (one for guests), and ample parking for 85+ vehicles. The Inn boasts a unique "pebbling" exterior, hardwood floors, original millwork, and a hand-carved staircase. Guest rooms offer various amenities, including king and queen beds, private baths, fireplaces, whirlpool tubs, and balconies. Located 30 minutes from Gettysburg and an hour from Harrisburg International Airport, the Inn is near historical sites, outdoor recreation, and local attractions. The property is ideally suited for continued operation as a B&B, with potential for expansion into event hosting (indoor capacity for 125, outdoor for 100). The sale may also include a Steinway & Sons grand piano (appraisal pending). The property is situated on solid limestone bedrock and includes a trout fishing stream on the grounds. This is a unique opportunity to own a piece of history with significant income potential.

    Property profile
    Verified
    Property type Hotels
    Use group HOTEL/MOTEL
    Lot 6.54 ac (284,882 SF)
    APN 09-C18-34
    UPID US73-0892643
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Inn at Ragged Edge Hotel & Motel
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
    by Request
    Owner & transaction history
    H Kenneth Kipe · 11 yrs held
    H Kenneth Kipe
    since 2015
    4 recorded transactions
    2019
    2019
    2015
    $1.0M
    2010
    $475,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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