500-508 Salem Ave Hagerstown, MD 21740
Established bar with income-producing residential and retail units.
Lot size:
0.26 AcresProperty Features for 500-508 Salem Ave
General Information
- Lot size
- 0.26 Acres
Building Details
- Year built
- 1900
Source:
Elliman
Listing Agent: Roberto G. Gonzalez
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Turnkey Investment with Liquor License
Harmans Tavern is a mixed-use building totaling nearly 10,000 square feet. It includes eight units, a retail space, and spacious apartments. The property features a well-established bar with a Class D Liquor License. All units are occupied by long-term tenants. The owner has never increased rents, which are significantly below market, creating immediate upside in cash flow. The units are well maintained, and thoughtful updates could support meaningful appreciation. This property presents a true value-add opportunity, pairing a well-established business with income-producing residential and retail units. It is suitable for expanding a portfolio or seeking stable income with room to grow.
Location Intelligence
Current Use by Public Records
Bars
Location Insight
- Map
- Local Demand
- City
- Hagerstown
- County
- Washington
- State
- Maryland
- Longitude
- -77.7257637
- Latitude
- 39.6491253
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Established bar with income-producing residential and retail units.
Where is this mixed-use property located?
The property is located at 500-508 Salem Ave Hagerstown, MD.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: - Turnkey investment opportunity including real estate and business.; - Includes a Class D Liquor License.; - Mixed-use building with bar, retail space, and apartments.