Great Investment Opportunity – 5-Unit Multi-Building Fully rented and cash-flowing, this 5-unit property is the perfect addition to any investor’s portfolio. The building has been well-maintained with numerous recent improvements including a new roof, updated plumbing, a new porch, and updates throughout the units. Inside, you’ll find hardwood floors throughout and updated finishes that keep the units attractive to tenants. Outside, the property offers ample on-site parking which is a rare find that adds to the appeal. On top of strong current income, there’s plenty of room to add value and increase revenue with additional features: 4 garages that can be rented separately, Storage space for tenants or outside rentals, and Coin-operated laundry for steady extra income. This is a turn-key investment with upside potential in a sought-after rental market.
32 Residential Units, two Commercial Units and a Leasing Office. Residential Occupancy rate is 94%. One of the two commercial spaces is leased (5 Yr Lease) that just began. In the heart of downtown Hagerstown, just blocks away from the minor league baseball stadium (Meritus Park Stadium) on the same block as the Maryland Theatre and just across the street from the Meinelschmidt Distillery, Bulls and Bears and Schmankerl Stube Restaurant, as well as the Washington County Public Library (diagonally across the intersection). High vehicular and foot traffic, as the property is in downtown Hagerstown. Projected Cap Rate - 8.4% The current owner has had 2 grant applications approved, and a prospective buyer can seek many more. The Georgian is located in the following: Qualified Opportunity Zone: You can look up 55 S Potomac St here to verify City of Hagerstown Arts & Entertainment District property tax incentive: City of Hagerstown Main Street Grant Area. City of Hagerstown Partners in Economic Progress (PEP) Program zone City of Hagerstown City Center Redevelopment Grant zone. Downtown Historic District. (local/state and NHR federal) Enterprise Zone: City of Hagerstown CC-MU area
± 22 acres of prime commercial real estate, a stone’s throw from I-81! Zoned POM with a new text overlay to allow for wider usage. ±6 acres bordering Insurance Way are developable, with the remaining buffer of ±16 acres comprised of forest easements and designated flood plain. All major utilities are available to the site. Potential for further subdivision. Property borders I81 for potential signage and visibility. Buyers to confirm property is still in the designated Enterprise Zone which includes potential economic development incentives and tax credits for qualifying businesses. Prime location!
Prime Commercial Property at 44 N Potomac St, Hagerstown, MD This impressive commercial building, located in the heart of downtown Hagerstown, offers an exceptional opportunity for owner-occupants and investors alike. With its prominent location, the property boasts high visibility and foot traffic, making it ideal for a variety of business uses. Several suites will soon be available, presenting a perfect opportunity for an owner-occupant to customize their space while benefiting from rental income from existing tenants. The property features modern amenities, flexible layouts, and convenient access to local businesses, dining, and cultural attractions. Don't miss this chance to secure a valuable asset in one of Hagerstown’s most desirable commercial districts! Contact us today for more details and to schedule a tour.
Circa 1900! Prime time location with 10+ off street parking spaces in walking distance to the court house. This is a completely remodeled office space and is ready for you to take your business to the next level. Use this location to drive up sales. Thousands of cars drive past here every day. Its time for your sign to hang on Washington St. Get in now before the new stadium in Downtown Hagerstown opens bringing in investors from all over the world.
Hagerstown is located in Maryland. Hagerstown, Maryland has a population of 43,015. Hagerstown is less family-centric than the surrounding county with 26.59% of the households containing married families with children. The county average for households married with children is 27.41%.
The median household income in Hagerstown, Maryland is $42,965. The median household income for the surrounding county is $67,349 compared to the national median of $69,021. The median age of people living in Hagerstown is 35.6 years.
The average high temperature in July is 86 degrees, with an average low temperature in January of 21.9 degrees. The average rainfall is approximately 40.7 inches per year, with 24.5 inches of snow per year.
