55 S Potomac St HAGERSTOWN Hagerstown, MD 21740
32 residential units, two commercial units, and a leasing office.
Type:Commercial
Lot size:
0.11 Acres- Added:
- Jul 1, 2025
- Days on Market:
- 299
- Last Refresh:
- Apr 5 at 8:59 pm
Property Features for 55 S Potomac St HAGERSTOWN
General Information
- Standard status
- Active
- Lot size
- 0.11 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agent MATTHEW HILLDOERFER License #653540
Listing office MR. LISTER REALTY (410) 486-4504
Listing date Jul 1, 2025
Source Corcoran
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 MR. LISTER REALTY
Overview
Downtown Hagerstown Mixed-Use Investment
This mixed-use property features 32 residential units, two commercial units, and a leasing office. The residential occupancy rate is 94%. One of the commercial spaces is currently leased under a 5-year agreement. Situated in downtown Hagerstown, the property benefits from high vehicular and foot traffic. It is located near Meritus Park Stadium, the Maryland Theatre, Meinelschmidt Distillery, Bulls and Bears, Schmankerl Stube Restaurant, and the Washington County Public Library. The property is located within a Qualified Opportunity Zone, the City of Hagerstown Arts & Entertainment District, the City of Hagerstown Main Street Grant Area, the City of Hagerstown Partners in Economic Progress (PEP) Program zone, the City of Hagerstown City Center Redevelopment Grant zone, the Downtown Historic District, and an Enterprise Zone. The current owner has secured approval for two grant applications, and prospective buyers may pursue additional opportunities. The projected cap rate is 8.4%.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Hagerstown
- County
- Washington
- State
- Maryland
- Longitude
- -77.7215
- Latitude
- 39.641
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 32 residential units, two commercial units, and a leasing office.
Where is this apartment building located?
The property is located at 55 S Potomac St HAGERSTOWN Hagerstown, MD.
What is the asking price?
The asking price for this property is $3,840,000.
What are key features of this property?
This property features: High 8.4% Projected Cap Rate; 94% Residential Occupancy Rate; Prime Downtown Hagerstown Location with High Vehicular and Foot Traffic
