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Property profile & analytics
OFF-MARKET
Grocery and convenience stores

401 Ctr St Hagerstown, MD 21740-5327

996 SF 0.12 ac lot Built 1900
Individually Owned 4-yr Hold Free & Clear
Property ID
US40-0959623
Property summary
AI-generated overview

This newly renovated 996 sq ft commercial property in Hagerstown, MD, sits on a 0.12-acre lot at 401 Center Street. Previously a convenience store, this adaptable space offers three separate rooms, perfect for various uses including office, retail, or specialized services. Modern amenities include all-new wiring, a handicap-accessible entry and bathroom, a comfort zone wall radiant heater, and a large ceiling fan. The building boasts LED lighting, fresh interior and exterior paint, updated flooring, and a brand-new metal roof and windows. A Knox Box is installed for emergency access. The property also features an exhaust setup for a potential kitchen with a dish drain, making it ideal for food-related businesses. High visibility and flexible layout make this an excellent opportunity for entrepreneurs. Priced at $175,000.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1900
Construction BRICK
Total area 996 SF
Lot 0.12 ac (5,040 SF)
Zoning code RMED
APN 03-007855
UPID US40-0959623
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Ram Bashan · 4 yrs held
Ram Bashan
since 2022
Last sale
$58,000
2 recorded transactions
2022
$58,000
2020
$68,000
Zoning & alternative use
RMED · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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