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    500 Salem Ave Hagerstown, MD 21740

    Sponsored
    For Sale
    $675,000

    MULTI_FAMILY - HAGERSTOWN, MD

    Property size:
    9,165 SF
    Lot size:
    0.26 Acres
    Days on Market:
    82
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 500 Salem Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking features
    On Street, Driveway
    Size
    9,165 SF
    Lot size
    0.26 Acres

    Utilities

    Heating system
    Electric (Heating), Baseboard

    Building Details

    Year built
    1900
    Number of units
    4
    Building materials
    Block, Brick

    RG Realty, Inc. (240) 329-9454 [email protected]

    Listing agent Roberto G. Gonzalez (240) 203-6393 License #598229

    Listing date Oct 16, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property with Liquor License

    This mixed-use property, spanning nearly 10,000 square feet, features a well-established bar, Harman's Tavern, accompanied by a Class D Liquor License, along with income-producing residential and retail units. The property includes eight total units, comprising retail space and spacious apartments, all currently occupied by long-term tenants. Situated on a 0.26-acre lot, this turnkey investment offers a value-add opportunity with untapped income potential. The current rents are below market value, presenting an opportunity for immediate cash flow growth. The units are well-maintained, and strategic updates could lead to substantial appreciation. This property is located in HAGERSTOWN, MD.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    TGI Fridays

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.72585
    Latitude
    39.649

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    FAQs

    What type of property is this?
    Bar - Turnkey investment property with business, license, and residential units.
    Where is this bar located?
    The property is located at 500 Salem Ave Hagerstown, MD.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - Turnkey investment opportunity with established bar business and real estate.; - Includes a valuable Class D Liquor License.; - Mixed-use property with eight total units (retail and residential) generating income.
    (240) 203-6393
    Request Owner's contact information
    500 Salem Ave Hagerstown, MD 21740
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    Hagerstown, MD 21740
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Salem Ave Hagerstown, MD 21740
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