1090 Ragged Edge RdChambersburg, PA 17202

Property Details for 1090 Ragged Edge Rd

Lot size

6.54 AC

Property type

Hotels

Property subtype

Motels

APN

09-C18-34

APU

09C1834

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $69,037,544

  6.5%

  $63,726,968

  7%

  $59,175,040

• Comparable approach

  Method

  Valuation

  Relative Method

  $68,378,024

  Geo Method

  $133,854,368

• Alternative Use

  Use

  Valuation

  Residential

  $69,571,336

  Hospitality

  $63,726,968

  Educational

  $53,020,088

  Medical

  $54,843,532

  Retail

  $82,475,696

Location Insight

City

Chambersburg

County

Franklin

State

Pennsylvania

Latitude

39.9364

Longitude

-77.5887

CBSA code

16540

CBSA name

CHAMBERSBURG, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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