Former School Building For
For Sale
$1,299,999
535 Summit Ave, Hagerstown, MD 21740
25,029 SF former school building with adaptive re-use potential.
Property SizeContact for details
Days on Market479
Property Features for 535 Summit Ave
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$11,239
Building Details
Year Built
1907
Listing Agency:
GREYSTEEL COMPANY LLC
Listed By:
ARI FIROOZABADI · License #SP98361353
(202) 280-2722
Source:
Corcoran
Added: May 21, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 GREYSTEEL COMPANY LLC
Investment Insights
Based on property information with market context.
This 25,029 square foot former school building is available for sale in Hagerstown, Maryland. Situated on 2.67 acres, the property includes a large parking lot with 77 spaces. The location is central, with Hagerstown City Park directly across the street and Meritus Park, a brand-new minor-league stadium, one mile away. The property is also located off the same exit as the Hagerstown Premium Outlets. The building is suitable for adaptive re-use and is ideal for a daycare or charter school, requiring minimal renovations to the current layout. Conceptual plans are available to convert the building into a high-end boutique hotel with 29 guest rooms, a luxury holistic spa with four treatment rooms, and a restaurant open to hotel guests and the general public. There is potential for supplemental income to help cover carrying costs while executing the business plan. The owner is in discussions to lease the parking lot to the city of Hagerstown due to a parking shortage for City Park.
Key Highlights
- 25,029 SF former school building on 2.67 acres suitable for adaptive re‑use.
- Ideal for daycare or charter school with minimal renovation needed.
- Conceptual plans included for conversion to a boutique hotel with 29 rooms, spa, and restaurant.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Home Improvements & Furnishings 26%
Napa Auto Parts
Shops & Services
740 visits/mo
0.4 miles
Rexel
Home Improvements & Furnishings
265 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
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
School - 25,029 SF former school building with adaptive re-use potential.
Where is this school located?
The property is located at 535 Summit Ave Hagerstown, MD.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: 25,029 SF former school building on 2.67 acres suitable for adaptive re‑use.; Ideal for daycare or charter school with minimal renovation needed.; Conceptual plans included for conversion to a boutique hotel with 29 rooms, spa, and restaurant.
