Downtown Mixed-Use Income
55 S POTOMAC St Hagerstown, MD 21740
For Sale
$3,840,000
Mixed-use building with 32 residential units, two commercial units, and a leasing office; one commercial unit is leased.
Days on Market120
Property Features for 55 S POTOMAC St
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency:
Mr. Lister Realty, Inc.
(814) 769-1225
Listed By:
Matthew Hilldoerfer · License #653540
(814) 769-1225
Source:
Elliman
Added: Mar 27
Changed: Jul 23
Last Checked: Jul 23 at 10:41AM
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, Inc.
Investment Insights
Based on property information with market context.
The Georgian is a mixed-use property offering 32 residential units along with two commercial units and an on-site leasing office. Residential occupancy is reported at 94%. One of the two commercial spaces is currently leased under a 5-year lease that began recently.
Located in the heart of downtown Hagerstown, the property is just blocks from Meritus Park Stadium. It sits on the same block as the Maryland Theatre and is across the street from Meinelschmidt Distillery, Bulls and Bears, and Schmankerl Stube Restaurant. The Washington County Public Library is diagonally across the intersection.
The current owner has had two grant applications approved, and a prospective buyer may seek additional approvals. The property is listed as being within multiple incentive areas, including a Qualified Opportunity Zone and City of Hagerstown arts and entertainment, Main Street grant area, PEP program zone, City Center redevelopment grant zone, Downtown Historic District, and an Enterprise Zone identified as City of Hagerstown CC-MU area.
Located in the heart of downtown Hagerstown, the property is just blocks from Meritus Park Stadium. It sits on the same block as the Maryland Theatre and is across the street from Meinelschmidt Distillery, Bulls and Bears, and Schmankerl Stube Restaurant. The Washington County Public Library is diagonally across the intersection.
The current owner has had two grant applications approved, and a prospective buyer may seek additional approvals. The property is listed as being within multiple incentive areas, including a Qualified Opportunity Zone and City of Hagerstown arts and entertainment, Main Street grant area, PEP program zone, City Center redevelopment grant zone, Downtown Historic District, and an Enterprise Zone identified as City of Hagerstown CC-MU area.
Key Highlights
- Mixed‑use building with 32 residential units, two commercial units, and a leasing office
- Residential occupancy rate of 94%
- One of the two commercial spaces is leased under a 5‑year lease that just began
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Apartment building - Mixed-use building with 32 residential units, two commercial units, and a leasing office; one commercial unit is leased.
Where is this apartment building located?
The property is located at 55 S POTOMAC St 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: Mixed‑use building with 32 residential units, two commercial units, and a leasing office; Residential occupancy rate of 94%; One of the two commercial spaces is leased under a 5‑year lease that just began
