Divisible Storefront
For Sale
Contact for pricing
25 W FRANKLIN STREET, Hagerstown, MD 21740
The space can be leased as a whole or divided between its two sides.
Property Size3,760 SF
Price / SF$0.75
Days on Market9
Property Features for 25 W FRANKLIN STREET
General Information
Standard status
Active
Size
3,760 SF
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(301) 745-1620
Listed By:
Joshua L Woods · License #625976
(240) 469-8172
Source:
Cummingsrealtors
Added: Oct 19
Changed: Oct 27
Last Checked: Oct 26 at 2:43PM
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 Berkshire Hathaway HomeServices Homesale Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,760-square-foot storefront at 25 W Franklin Street in Hagerstown can be leased as one space or split between its two sides. The building dates to 1900.
Parking is available at the rear, with additional street parking along the property.
Parking is available at the rear, with additional street parking along the property.
Key Highlights
- 3,760 square feet available
- Can be leased together or divided between the two sides
- Rear parking plus additional street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,172
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,440
$823.4K
Cap Rate 7%
$588,171
$588.2K
Cap Rate 9%
$457,467
$457.5K
Market Conditions
NOI Build-Up for 3,760 SF
Gross rent
$64.1K $17.04/SF
− Vacancy
−$5.3K −$1.40/SF
EGI
$58.8K $15.64/SF
− OpEx
−$17.6K −$4.69/SF
NOI
$41.2K $10.95/SF
Area
Washington County, MD
Vacancy
8.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,440
Cap Rate 7%
$588,171
Cap Rate 9%
$457,467
Alternative Uses
Best Use
Retail
$588.2K
$514.7K – $686.2K
NOI $41,172 @ 7.0% cap · market cap 1,460.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$834.0K
$729.8K – $973.1K
NOI $58,383 @ 7.0% cap · market cap 2,070.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,983
Businesses Nearby
43k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 82%
Shops & Services 16%
Electronics 2%
McDonald's
Dining
20,434 visits/mo
0.5 miles
Roy Rogers
Dining
7,596 visits/mo
0.3 miles
Dollar General
Shops & Services
4,371 visits/mo
0.4 miles
China King
Dining
3,376 visits/mo
0.3 miles
Little Caesars Pizza
Dining
3,047 visits/mo
0.3 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
Similar Off Market Nearby
- Kamelot Florist & Gifts — 201 West Side Ave, Hagerstown, MD 21740
Frequently Asked Questions
What type of property is this?
Storefront property - The space can be leased as a whole or divided between its two sides.
Where is this storefront property located?
The property is located at 25 W FRANKLIN STREET Hagerstown, MD.
What are key features of this property?
This property features: 3,760 square feet available; Can be leased together or divided between the two sides; Rear parking plus additional street parking
