Former School Building for
535 Summit Ave Hagerstown, MD 21740
For Sale
Contact for pricing
Pending
Former school building with a large parking lot and approved plans for hotel, spa, and restaurant conversion.
Property Size25,000 SF
Lot Size2.50 Acres
Days on Market546
Property Features for 535 Summit Ave
General Information
Standard status
Pending
Size
25,000 SF
Lot size
2.50 Acres
Property subtype
OFFICE
Listing Agency:
Greysteel - Corporate
(301) 461-7817
Listed By:
Ian Weisz · License #649631
(301) 461-7817
Source:
Moodyscre
Added: Jan 30, 2025
Changed: Jul 26
Last Checked: Jul 29 at 2:06PM
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 - Corporate
Investment Insights
Based on property information with market context.
This property is a former school building offering approximately 25,000 square feet of adaptive reuse space, supported by a large parking lot with about 70 spaces and approximately 2.5 acres of land. The seller has approved plans to convert the building into a boutique hotel with 29 guest rooms, a luxury holistic spa with four treatment rooms, and a restaurant open to both hotel guests and the general public.
The site is located with Hagerstown City Park directly across the street. Meritus Park, the brand-new minor-league stadium, is about one mile away, and the property is off the same exit as Hagerstown Premium Outlets.
In addition to the on-site income potential tied to the approved hospitality plan, the owner is in discussions to lease the parking lot to the City of Hagerstown to help address event and overflow parking needs related to City Park activities.
The site is located with Hagerstown City Park directly across the street. Meritus Park, the brand-new minor-league stadium, is about one mile away, and the property is off the same exit as Hagerstown Premium Outlets.
In addition to the on-site income potential tied to the approved hospitality plan, the owner is in discussions to lease the parking lot to the City of Hagerstown to help address event and overflow parking needs related to City Park activities.
Key Highlights
- +25,000 SF former school building on +2.5 acres with large parking lot for 70+ vehicles
- Approved plans to convert to a boutique hotel with 29 guest rooms
- Hotel plans include a luxury holistic spa with 4 treatment rooms
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Hotel - Former school building with a large parking lot and approved plans for hotel, spa, and restaurant conversion.
Where is this hotel located?
The property is located at 535 Summit Ave Hagerstown, MD.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: +25,000 SF former school building on +2.5 acres with large parking lot for 70+ vehicles; Approved plans to convert to a boutique hotel with 29 guest rooms; Hotel plans include a luxury holistic spa with 4 treatment rooms
