101 Potomac St Hagerstown, MD 21740

Located in downtown Hagerstown, this mixed-use property at 101-103 North Potomac Street, Hagerstown, MD 21740, features 7 commercial retail/office units and 3 residential apartments. The property is fully occupied, providing immediate cash flow. There is potential to add a residential or office unit on the second floor, subject to due diligence, zoning, and permitting, which presents a value-add opportunity to increase unit count and future income. Capital improvements of over $75,000 were completed in 2025, including a new roof and the replacement of three HVAC/AC units. The downtown Hagerstown location supports demand for commercial and residential tenants due to visibility, walkability, and proximity to employment centers, government offices, retail, and public services. This asset is suited for investors seeking a stabilized mixed-use property with upside through unit expansion, selective renovations, or rent growth. The property represents an opportunity combining full occupancy, recent capital improvements, diversified tenancy, and additional value-add potential in an established urban corridor.