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    55 S Potomac St, Unit HAGERSTOWN Hagerstown, MD 21740

    For Sale
    $3,950,000

    32 residential units, two commercial units, and a leasing office.

    Lot size:
    0.11 Acres

    Property Features for 55 S Potomac St

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1900

    Source: MR. LISTER REALTY Agent MATTHEW HILLDOERFER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    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

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.7215281
    Latitude
    39.6409831

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    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, Unit HAGERSTOWN Hagerstown, MD.
    What is the asking price?
    The asking price for this property is $3,950,000.
    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
    (410) 486-4504
    Request Owner's contact information
    55 S Potomac St, Unit HAGERSTOWN Hagerstown, MD 21740
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    Hagerstown, MD 21740
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    55 S Potomac St, Unit HAGERSTOWN Hagerstown, MD 21740
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