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    313 Franklin St Hagerstown, MD 21740

    Sponsored
    For Sale
    $595,000

    High-traffic retail space, dual highway frontage.

    Property size:
    2,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional 2,500 square foot retail property located at 313 Franklin Street in Hagerstown, Maryland presents a compelling investment opportunity. Situated on a 0.38-acre lot, this property boasts prominent dual highway frontage on both East Franklin Street and the Dual Highway, ensuring unparalleled visibility and accessibility for businesses. The strategic location at the entrance to Hagerstown guarantees high traffic volume and exposure to a large customer base. Currently operating as a new and used tire store, the property's versatile layout offers significant potential for a variety of retail uses. Its previous use as a carwash further highlights its adaptability and suitability for businesses requiring ample space and convenient access. The asking price is $595,000. This income-producing property represents a rare chance to acquire a well-positioned retail space in a thriving Hagerstown location with excellent visibility and high traffic counts. The property's history and current use demonstrate its resilience and adaptability to various commercial ventures. Investors seeking a strong return on investment in a prime Hagerstown location should seriously consider this opportunity. The combination of high visibility, convenient access, and a proven track record makes this property an attractive investment prospect.

    Property Features for 313 Franklin St

    General Information

    Property type
    Retail properties
    Square Feet
    2,500 SF
    Lot Size
    16,553 SF
    Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.71309
    Latitude
    39.64054

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, dual highway frontage.
    Where is this retail property located?
    The property is located at 313 Franklin St Hagerstown, MD.
    What is the asking price?
    The asking price for this property is $595,000.
    (301) 745-1620
    Request Owner's contact information
    313 Franklin 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
    313 Franklin St Hagerstown, MD 21740
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