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Mixed-Use Building with Apartments
New
For Sale
$399,900

135 E FRANKLIN STREET E, Hagerstown, MD 21740

CC-MU-zoned property combines occupied shop space, vacant storefronts, and plans for three apartments.

Property Size12,645 SF
Lot Size0.29 Acres
Price / SF$31.63
Days on Market5

Property Features for 135 E FRANKLIN STREET E

General Information

Standard status Active
Size 12,645 SF
Lot size 0.29 Acres
Property subtype Commercial
Zoning CC-MU

Additional Details

Gross Income $39,600
Road Access Yes
Service Bays 2

Building Details

Year Built 1940
Buildings 2
Tenancy Multi
Listing Agency: Burch Real Estate Group, LLC
Listed By: Andrew Peters · License #WVS250304006
Source: Cummingsrealtors
Added: Sep 22 Changed: Sep 24 Last Checked: Sep 24 at 8:24AM

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 Burch Real Estate Group, LLC

Investment Insights

Based on property information with market context.

This 1940 mixed-use property in downtown Hagerstown has an approximately 11,182-square-foot main building and a separate 1,708-square-foot garage/shop on approximately 12,645 square feet of land. Two commercial shop spaces are occupied, while two street-facing storefronts remain vacant. Plans call for three upper-level apartments: one one-bedroom and two two-bedroom units, with planned areas of approximately 615, 806, and 851 square feet. The property is in the CC-MU City Center Mixed-Use zoning district.

Renovation work completed to date includes interior demolition, framing, portions of the electrical work, floor reinforcement, and roof repairs. Architectural and engineering plans are available for review. The property is being offered in its current condition, with remaining work to be completed by the next owner.

Key Highlights

  • 1940 building with approximately 11,182 square feet, plus a 1,708‑square‑foot garage/shop
  • Approximately 12,645 square feet of land in the CC‑MU City Center Mixed‑Use zoning district
  • Two occupied commercial/shop spaces and two vacant storefronts

Property Analytics

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Current Use

Truck N Van ... Auto Parts Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Pet Grooming Service Tanning Salon Pet Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Service bays
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,112
Businesses Nearby
47k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 77% Shops & Services 23%
McDonald's Dining
20,434 visits/mo 0.3 miles
Taco Bell Dining
14,622 visits/mo 0.5 miles
Advance Auto Parts Shops & Services
5,410 visits/mo 0.3 miles
Dollar General Shops & Services
4,371 visits/mo 0.2 miles
Domino's Pizza Dining
1,072 visits/mo 0.4 miles

Demographics for 21740, MD

65,619
Population
27,002
Households
2.4
Avg Household Size
39
Median Age
20%
College-Educated
86%
High-School Grad
70.9 sq mi
ZIP Area
926
Density / Sq Mi
$59,410
Median Household Income
$42,159
Median Earnings
$1,031
Median Rent
$241,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - CC-MU-zoned property combines occupied shop space, vacant storefronts, and plans for three apartments.
Where is this mixed-use property located?
The property is located at 135 E FRANKLIN STREET E Hagerstown, MD.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1940 building with approximately 11,182 square feet, plus a 1,708‑square‑foot garage/shop; Approximately 12,645 square feet of land in the CC‑MU City Center Mixed‑Use zoning district; Two occupied commercial/shop spaces and two vacant storefronts
More about this property
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