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1090 Ragged Edge Rd Chambersburg, PA 17202-8173

OFF-MARKET Hotels Google Maps
6.54 ac lot
Individually Owned 11-yr Hold ~ Est. High Equity
Estimated value (blended)
$330k
Range $297k – $363k (±10%)
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

Current use

Occupant on record · Public records
  • Hotel & Motel

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2015
4 recorded transactions
2019
Price N/A
2019
Price N/A
2015
$1.0M
2010
$475,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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