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    334 Potomac St Hagerstown, MD 21740

    For Sale
    $350,000

    Prime Location, Endless Potential, High ROI

    Property size:
    2,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This versatile 2,400 square foot mixed-use property at 334 N Potomac Street, Hagerstown, MD, presents a unique investment opportunity. Situated on a 0.13-acre lot, this building offers a blend of commercial and potential residential uses. Previously operating as a laundromat, the property includes all existing laundry equipment as part of the sale, making it an ideal turnkey operation for a new owner. The main level boasts a spacious laundromat area and a separate office suite complete with a private entrance and bathroom. This provides flexibility for a variety of uses, allowing for both front-of-house operations and private office space. The lower level, easily accessible via a rear alley, features ample parking, a convenient roll-up door, and a large open area currently utilized for storage. This lower level space offers significant potential for expansion, additional storage, or even conversion into a separate commercial unit. The property's central Hagerstown location ensures high visibility and accessibility, making it an attractive proposition for a wide range of businesses. The asking price is $350,000. This property is ready for immediate occupancy and offers a compelling opportunity for both established businesses and entrepreneurs seeking a prime location to launch their ventures. Don't miss this chance to acquire a well-positioned commercial property in a thriving Maryland city.

    Property Features for 334 Potomac St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,400 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1968
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.71631
    Latitude
    39.64659

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Location, Endless Potential, High ROI
    Where is this mixed-use property located?
    The property is located at 334 Potomac St Hagerstown, MD.
    What is the asking price?
    The asking price for this property is $350,000.
    (304) 901-7788
    Request Owner's contact information
    334 Potomac St 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
    334 Potomac St Hagerstown, MD 21740
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