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Mixed-Use Investment in Downtown Hagerstown

101 POTOMAC St Hagerstown, MD 21740

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For Sale
$925,000

Stabilized 10-unit property with value-add potential in a prime location.

Type:Commercial
Added:
Apr 24, 2026
Days on Market:
80
Last Refresh:
Jul 2 at 3:22 pm

Property Features for 101 POTOMAC St

General Information

Standard status
Active
Property subtype
Commercial

Building Details

Year Built
1920

Listing office RG Realty, Inc.

Listing date Apr 24, 2026

Source Elliman

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

All listing content including descriptions, pricing, images are the copyrighted material of RG Realty, Inc.


Investment Insights

Based on property information with market context.

Located at 101–103 North Potomac Street, Hagerstown, MD 21740, this mixed-use property features 7 commercial retail/office units and 3 residential apartments. The property is currently 100% occupied, providing immediate and stable cash flow. There is potential to add an additional residential or office unit on the second floor, subject to due diligence, zoning, and permitting. Ownership completed over $75,000 in capital improvements in 2025, including the installation of a new roof and the replacement of three HVAC/AC units. The downtown Hagerstown location supports strong demand for both commercial and residential tenants due to visibility, walkability, and proximity to employment centers, government offices, retail, and public services. The property is suited for investors seeking a stabilized mixed-use property with upside through unit expansion, selective renovations, or rent growth. The location has a walk score of 91, making it a walker's paradise, a bike score of 67, making it bikeable, and a transit score of 30, indicating some transit options. This property offers full occupancy, recent capital improvements, diversified tenancy, and additional value-add potential in an established urban corridor.

Key Highlights

  • 100% Occupied: Provides immediate and stable cash flow.
  • Value‑Add Potential: Opportunity to add an additional residential or office unit.
  • Recent Capital Improvements: $75,000 invested in 2023, including a new roof and HVAC/AC unit replacements.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Glorified Beauty Supply ... (Bike/Boat/Book/etc) Store

Suggested Use

(Bike/Boat/Book/etc) Store Dental Office (Bike/Boat/Book/etc) Store Locksmith Pet Grooming Service (Bike/Boat/Book/etc) Store Florist (Bike/Boat/Book/etc) Store Clothing & Fashion Store Veterinary Clinic

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

FAQs

What type of property is this?
Mixed-use property - Stabilized 10-unit property with value-add potential in a prime location.
Where is this mixed-use property located?
The property is located at 101 POTOMAC St Hagerstown, MD.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 100% Occupied: Provides immediate and stable cash flow.; Value‑Add Potential: Opportunity to add an additional residential or office unit.; Recent Capital Improvements: $75,000 invested in 2023, including a new roof and HVAC/AC unit replacements.
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