535 Summit Ave Hagerstown, MD 21740
25,029 SF former school building with adaptive re-use potential.
Property Features for 535 Summit Ave
General Information
- Standard status
- Active
Building Details
- Year built
- 1907
Source:
Corcoran
Listing Agent: Ari Firoozabadi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Former School Building For Sale
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Surrey School
Association Or Organization
Location Insight
- Map
- Local Demand
- City
- Hagerstown
- County
- Washington
- State
- Maryland
- Longitude
- -77.7305396
- Latitude
- 39.6336098
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FAQs
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.