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521 Washington St Hagerstown, MD 21740

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For Sale
$500,000

High-Yield Laundromat, Store & Cashing

Property size:
2,222 SF

Property Features for 521 Washington St

General Information

Property type
Retail properties
Square Feet
2,222 SF
Lot Size
13,068 SF

Building Details

Year Built
1900

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Listing Contact
Yahaira Diaz

Listing Agency: exp realty, llc Listing Agent: Yahaira Diaz

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment property at 521 W Washington Street, Hagerstown, MD, presents a unique opportunity to acquire a thriving multi-revenue stream business. The 2,222 square foot building sits on a 0.3-acre lot and is currently operating as a fully functional laundromat equipped with 18 washing machines and 17 dryers, generating consistent income. Adding to its profitability, the property also houses a check-cashing business and a convenience store, further diversifying revenue streams. The ample parking accommodates over 15 vehicles, ensuring customer convenience. Recent improvements include a complete plumbing overhaul and a fresh coat of paint throughout the building, minimizing immediate maintenance needs. The seller is offering flexible financing options, making this a highly accessible investment. This turnkey operation requires minimal owner involvement, making it ideal for passive income seekers or experienced investors looking to expand their portfolio. The strong cash flow potential, combined with the multiple income streams and recent upgrades, makes this a truly compelling investment opportunity in a desirable Hagerstown location. The property's size and location offer significant potential for future growth and expansion. Don't miss this chance to acquire a proven, profitable business with significant upside.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Hagerstown Laundromat (Bike/Boat/Book/etc) Store Western Union Bank

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

Location Insight

  • Map
  • Local Demand
City
Hagerstown
County
Washington
State
Maryland
Longitude
-77.72997
Latitude
39.64598

FAQs

What type of property is this?
Retail property - High-Yield Laundromat, Store & Cashing
Where is this retail property located?
The property is located at 521 Washington St Hagerstown, MD.
What is the asking price?
The asking price for this property is $500,000.
More about this property
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