2 W Washington Street, Hagerstown, MD 21740
Three levels of office space with bathrooms on each floor and a full basement for storage.
- Added:
- Jan 24, 2026
- Days on Market:
- 142
- Last Refresh:
- Jun 15 at 6:34 am
Property Features for 2 W Washington Street
General Information
- Standard status
- Active
- Size
- 1,749 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1900
Listing agent Mark Pine (240) 291-2607
Listing office Mackintosh, Inc. (240) 291-2607
Listing date Jan 24, 2026
Source Xome
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 Mackintosh, Inc.
HighLights
- 3‑level commercial building with bathrooms on each floor
- 1st floor formerly a coffee shop; 2nd floor vacant office; 3rd floor rented office at $700/month
- Full basement for storage
- Commercial zoning; on‑street parking
- Central air cooling; hardwood flooring and heating
- Downtown setting with heavy walking and drive‑by traffic
Overview
The property is located at 2 W Washington Street in Hagerstown, Maryland, with noted drive-by and walking traffic that can support professional and service-oriented tenants. The building has had some recent updates, including new painting and new flooring.
For buyers, this configuration can appeal to an owner-operator looking to occupy one floor while leasing another, or to investors seeking a property with an in-place rented office on the third level. The on-floor bathrooms and basement storage add practical functionality for day-to-day operations, while the second-floor vacancy provides flexibility for a future tenant fit based on available layout and office needs.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.4k | $19.68 |
| − Vacancy | −$6.4k | −$3.66 |
| EGI | $28.0k | $16.02 |
| − OpEx | −$7.0k | −$4.00 |
| NOI | $21.0k | $12.01 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hagerstown
- County
- Washington
- State
- Maryland
- Longitude
- -77.7204493
- Latitude
- 39.6422335
