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    Former School Building for Reuse
    Updated: Jan 30, 2025
    Former School Building for Reuse

    535 Summit Ave, Hagerstown, MD 21740

    Contact for pricing
    25,000 sqft 2.50 AC lot
    +25,000 SF former school building on +2.5 acres with large parking lot for 70+ vehicles
    Approved plans to convert to a boutique hotel with 29 guest rooms
    Hotel plans include a luxury holistic spa with 4 treatment rooms
    Plans also include a restaurant open to hotel guests and the general public
    Large parking lot sits near Hagerstown City Park (directly across the street)
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 75 Potential Opportunities for your consideration. Besides 1 Active listings in Hagerstown, MD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Institutional Animal Welfare Campus
    Institutional Animal Welfare Campus

    3731 Berryville Pike, Charles Town, WV 25414

    $3,500,000
    21,310 sqft

    Turnkey animal adoption and veterinary facility campus with extensive improvements, paved access, ample parking, and on-site equipment.

    View details
    Frederick Commercial Property For Sale
    Frederick Commercial Property For Sale

    804-6 E South St, Frederick, MD 21701

    $495,000

    Two units with M2 zoning, potential for various uses.

    View details
    Inn and Spa with Restaurant
    Inn and Spa with Restaurant

    4490 Summit Point Rd, Charles Town, WV 25414

    Contact for pricing

    Inn and spa property with 19 suites, a full service spa, and a remodeled commercial kitchen restaurant in five buildings.

    View details
    Luxury Active Adult Living
    Luxury Active Adult Living

    6000 ANCURT MEWS, Frederick, MD 21701

    $854,990
    0.25 AC lot

    Luxury active adult living in Frederick, Maryland.

    View details

    Off-Market Properties in Hagerstown, MD

    Consider similar Off-Market properties in Hagerstown, MD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1165 Imperial Dr
    MEDICAL BUILDING

    1165 Imperial Dr, Hagerstown, MD 21740-6555

    $24,685,000
    Estimated value
    54,843 sqft 3.08 AC lot
    View details
    310 Cameo Dr
    HOMES (RETIRED, NURSING)

    310 Cameo Dr, Hagerstown, MD 21740-5854

    $7,900,000
    Estimated value
    20,285 sqft 3.49 AC lot
    View details
    17165 Black Stallion Ln
    HOMES (RETIRED, NURSING)

    17165 Black Stallion Ln, Hagerstown, MD 21740-1891

    $650,000
    Estimated value
    13,291 sqft 2.37 AC lot
    View details
    816 Virginia Ave
    MEDICAL BUILDING

    816 Virginia Ave, Hagerstown, MD 21740-6256

    $230,000
    Estimated value
    432 sqft 0.20 AC lot
    View details
    225 Cleveland Ave
    MEDICAL BUILDING

    225 Cleveland Ave, Hagerstown, MD 21740

    $525,000
    Estimated value
    3,177 sqft 0.24 AC lot
    View details
    128 Baltimore St
    MEDICAL BUILDING

    128 Baltimore St, Hagerstown, MD 21740-6104

    $210,000
    Estimated value
    1,808 sqft 0.19 AC lot
    View details
    14014 Marsh Pike
    HOSPITAL - PRIVATE

    14014 Marsh Pike, Hagerstown, MD 21742-1638

    $17,505,000
    Estimated value
    78,042 sqft 11.00 AC lot
    View details
    1304 Pennsylvania Ave
    HOMES (RETIRED, NURSING)

    1304 Pennsylvania Ave, Hagerstown, MD 21742-3108

    Value Estimation by Request
    35,758 sqft 5.06 AC lot
    View details
    1158 Luther Dr
    HOMES (RETIRED, NURSING)

    1158 Luther Dr, Hagerstown, MD 21740-7470

    $3,365,000
    Estimated value
    29,405 sqft 29.47 AC lot
    View details
    12821 Oak Hl Ave
    MEDICAL BUILDING

    12821 Oak Hl Ave, Hagerstown, MD 21742-2940

    $4,130,000
    Estimated value
    13,077 sqft 1.24 AC lot
    View details
    1733 Howell Rd
    MEDICAL BUILDING

    1733 Howell Rd, Hagerstown, MD 21740-6638

    $7,145,000
    Estimated value
    20,454 sqft 5.59 AC lot
    View details
    747 Northern Ave
    MEDICAL BUILDING

    747 Northern Ave, Hagerstown, MD 21742-2723

    $1,490,000
    Estimated value
    16,000 sqft 2.00 AC lot
    View details
    18638 Crestwood Dr
    DENTAL BUILDING

    18638 Crestwood Dr, Hagerstown, MD 21742-2752

    $1,055,000
    Estimated value
    5,648 sqft 0.58 AC lot
    View details
    19426 Leitersburg Pike
    MEDICAL BUILDING

    19426 Leitersburg Pike, Hagerstown, MD 21742-1468

    $1,230,000
    Estimated value
    5,382 sqft 0.99 AC lot
    View details
    240 Frederick St
    MEDICAL BUILDING

    240 Frederick St, Hagerstown, MD 21740-6100

    $180,000
    Estimated value
    1,210 sqft 0.14 AC lot
    View details
    11370 Caring Pathway Ln
    HOMES (RETIRED, NURSING)

    11370 Caring Pathway Ln, Hagerstown, MD 21742-4076

    $370,000
    Estimated value
    16,530 sqft 18.89 AC lot
    View details
    17 Western Maryland Pkwy
    MEDICAL BUILDING

    17 Western Maryland Pkwy, Hagerstown, MD 21740-5471

    $10,910,000
    Estimated value
    25,865 sqft 5.03 AC lot
    View details
    13 Western Maryland Pkwy
    MEDICAL BUILDING

    13 Western Maryland Pkwy, Hagerstown, MD 21740-6474

    $12,790,000
    Estimated value
    42,612 sqft 4.64 AC lot
    View details
    701 1st St
    MEDICAL BUILDING

    701 1st St, Hagerstown, MD 21740-6405

    $455,000
    Estimated value
    6,304 sqft 0.99 AC lot
    View details
    1301 Potomac Ave
    MEDICAL BUILDING

    1301 Potomac Ave, Hagerstown, MD 21742-3318

    $180,000
    Estimated value
    5,730 sqft 0.28 AC lot
    View details
    1118 Klick Way
    MEDICAL BUILDING

    1118 Klick Way, Hagerstown, MD 21742-3469

    $865,000
    Estimated value
    4,549 sqft 1.55 AC lot
    View details
    19336 Leitersburg Pike
    MEDICAL BUILDING

    19336 Leitersburg Pike, Hagerstown, MD 21742-1436

    $540,000
    Estimated value
    3,638 sqft 0.24 AC lot
    View details
    1302 Pennsylvania Ave
    MEDICAL BUILDING

    1302 Pennsylvania Ave, Hagerstown, MD 21742-3108

    $4,245,000
    Estimated value
    37,062 sqft 4.49 AC lot
    View details

    Hagerstown, MD Healthcare Properties Market Trends and Statistics

    Explore 71 healthcare properties for sale in Hagerstown, MD on our real estate platform. These investment opportunities span a total of 25,000 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Spa & wellness properties 2
    Medical centers 1
    Rehabilitation centers 1

    Demographics Overview

    Population 101K
    Population Growth (5Y) +4.0%
    Median Household Income $66,959
    College Educated 10.5%

    Taxes & Financing

    Tax Rate (average for all types) 0.97%
    Property Tax per SF $18.55 per SF
    Tax Rate vs County Average 0.01 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Washington County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Hagerstown fall within the 10,000 to 25,000 square foot range.

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