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    Funkstown, MD Fairplay, MD Greencastle, PA
    Former School Building For Sale
    Updated: May 21, 2025
    Former School Building For Sale

    535 Summit Ave, Hagerstown, MD 21740

    $1,299,999
    25,029 SF former school building on 2.67 acres suitable for adaptive re‑use.
    Ideal for daycare or charter school with minimal renovation needed.
    Conceptual plans included for conversion to a boutique hotel with 29 rooms, spa, and restaurant.
    Large parking lot with 77 spaces.
    Central location: across from Hagerstown City Park, near Meritus Park stadium and Hagerstown Premium Outlets.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 20 Potential Opportunities for your consideration. Besides 1 Active listings in Hagerstown, MD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 11 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Historic Hotel and Mixed-Use Property
    Historic Hotel and Mixed-Use Property

    3229 RAILSTOP RD, Markham, VA 22643

    $1,775,000
    0.64 AC lot

    Portfolio sale of 10+ buildings and vacant land in Markham, VA, including a portion leased to the U.S. Postal Service.

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    Historic Markham Village Portfolio
    Historic Markham Village Portfolio

    3229 RAILSTOP Rd, Markham, VA 22643

    $1,775,000
    0.64 AC lot

    Nine buildings and land in historic Markham, Virginia, for sale.

    View details
    Versatile Property in Cumberland's Heart
    Versatile Property in Cumberland's Heart

    110 GREENE St, Cumberland, MD 21502

    $420,000

    Unique property with endless possibilities in a prime location.

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    Five-Story Commercial Asset in Cumberland
    Five-Story Commercial Asset in Cumberland

    145 Baltimore St, Cumberland, MD 21502

    $320,000
    19,480 sqft

    Historic building with redevelopment potential in revitalizing downtown Cumberland.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land in Growing Martinsburg
    Commercial Land in Growing Martinsburg

    Tract B FORBES Drive, Martinsburg, WV 25404

    $325,000
    1.31 AC lot

    1.31 acre commercial land in a high-growth area.

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    Commercial Land in Growing Martinsburg
    Commercial Land in Growing Martinsburg

    Tract A FORBES Drive, Martinsburg, WV 25404

    $350,000
    1.80 AC lot

    1.8 acre commercial land in high-growth Martinsburg, West Virginia.

    View details
    Breezewood Commercial Land For Sale
    Breezewood Commercial Land For Sale

    16359 Lincoln Hwy, Breezewood, PA 15533

    $195,000
    500 sqft · 5.81 AC lot

    5.81 acres of commercial land with excellent visibility.

    View details
    Commercial Land Near I-81
    Commercial Land Near I-81

    BRANDY CT., Strasburg, VA 22657

    $325,000
    1.15 AC lot

    1.15-acre commercial parcel with B-1 zoning near I-81.

    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.

    89 All Star Ct
    HOTEL

    89 All Star Ct, Hagerstown, MD 21740-8162

    $3,140,000
    Estimated value
    55,897 sqft · 4.30 AC lot
    View details
    17612 Vly Mall Rd
    HOTEL

    17612 Vly Mall Rd, Hagerstown, MD 21740-6995

    $3,060,000
    Estimated value
    55,645 sqft · 2.11 AC lot
    View details
    18216 Col Henry K Douglas Dr
    HOTEL

    18216 Col Henry K Douglas Dr, Hagerstown, MD 21740-1562

    $2,665,000
    Estimated value
    47,485 sqft · 1.98 AC lot
    View details
    1718 Upas Way
    HOTEL

    1718 Upas Way, Hagerstown, MD 21740-6961

    $5,580,000
    Estimated value
    107,488 sqft · 7.08 AC lot
    View details
    1716 Dual Hwy
    HOTEL

    1716 Dual Hwy, Hagerstown, MD 21740-6635

    $3,235,000
    Estimated value
    58,586 sqft · 3.10 AC lot
    View details
    17270 Vly Mall Rd
    HOTEL

    17270 Vly Mall Rd, Hagerstown, MD 21740-7099

    Value Estimation by Request
    68,617 sqft · 1.84 AC lot
    View details
    1801 Dual Hwy
    HOTEL

    1801 Dual Hwy, Hagerstown, MD 21740-6649

    Value Estimation by Request
    48,952 sqft · 2.76 AC lot
    View details
    17280 Vly Mall Rd
    HOTEL

    17280 Vly Mall Rd, Hagerstown, MD 21740-7099

    Value Estimation by Request
    62,940 sqft · 1.93 AC lot
    View details
    1650 Pullman Ln
    HOTEL

    1650 Pullman Ln, Hagerstown, MD 21740-7132

    $4,945,000
    Estimated value
    91,026 sqft · 20.28 AC lot
    View details
    241 Railway Ln
    HOTEL

    241 Railway Ln, Hagerstown, MD 21740-6969

    $3,750,000
    Estimated value
    63,397 sqft · 7.85 AC lot
    View details
    18300 Peak Cir
    HOTEL

    18300 Peak Cir, Hagerstown, MD 21742-2370

    $1,470,000
    Estimated value
    21,483 sqft · 3.51 AC lot
    View details

    Hagerstown, MD Hotels Market Trends and Statistics

    Explore 12 hotels for sale in Hagerstown, MD on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,299,999.

    Sale prices for resorts in Hagerstown, MD start at $1,299,999, averaging $1,299,999, and reaching up to $1,299,999 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 2

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

    Identify Hagerstown submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    21740 $1.3M

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Washington County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Hagerstown fall within the 100,000+ square foot range.

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