Mixed-Use Investment in Downtown
For Sale
$925,000
101 POTOMAC St, Hagerstown, MD 21740
Stabilized 10-unit property with value-add potential in a prime location.
Days on Market98
Property Features for 101 POTOMAC St
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1920
Listing Agency:
RG Realty, Inc.
(301) 991-0207
Listed By:
Roberto G. Gonzalez · License #598229
(301) 991-0207
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 30 at 8:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RG Realty, Inc.
Investment Insights
Based on property information with market context.
Located at 101–103 North Potomac Street, Hagerstown, MD 21740, this mixed-use property features 7 commercial retail/office units and 3 residential apartments. The property is currently 100% occupied, providing immediate and stable cash flow. There is potential to add an additional residential or office unit on the second floor, subject to due diligence, zoning, and permitting. Ownership completed over $75,000 in capital improvements in 2025, including the installation of a new roof and the replacement of three HVAC/AC units. The downtown Hagerstown location supports strong demand for both commercial and residential tenants due to visibility, walkability, and proximity to employment centers, government offices, retail, and public services. The property is suited for investors seeking a stabilized mixed-use property with upside through unit expansion, selective renovations, or rent growth. The location has a walk score of 91, making it a walker's paradise, a bike score of 67, making it bikeable, and a transit score of 30, indicating some transit options. This property offers full occupancy, recent capital improvements, diversified tenancy, and additional value-add potential in an established urban corridor.
Key Highlights
- 100% Occupied: Provides immediate and stable cash flow.
- Value‑Add Potential: Opportunity to add an additional residential or office unit.
- Recent Capital Improvements: $75,000 invested in 2023, including a new roof and HVAC/AC unit replacements.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Explore this area
Business Placement
Demographics for 21740, MD
65,619
Population
27,002
Households
2.4
Avg Household Size
39
Median Age
20%
College-Educated
86%
High-School Grad
70.9 sq mi
ZIP Area
926
Density / Sq Mi
$59,410
Median Household Income
$42,159
Median Earnings
$1,031
Median Rent
$241,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Stabilized 10-unit property with value-add potential in a prime location.
Where is this mixed-use property located?
The property is located at 101 POTOMAC St Hagerstown, MD.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 100% Occupied: Provides immediate and stable cash flow.; Value‑Add Potential: Opportunity to add an additional residential or office unit.; Recent Capital Improvements: $75,000 invested in 2023, including a new roof and HVAC/AC unit replacements.
