Downtown Hagerstown Redevelopment
For Sale
$2,490,000
72 W Washington St, Hagerstown, MD 21740
Historic building with adaptive reuse potential in downtown Hagerstown.
Property Size34,720 SF
Lot Size0.23 Acres
Price / SF$71.72
Days on Market101
Property Features for 72 W Washington St
General Information
Standard status
Active
Size
34,720 SF
Lot size
0.23 Acres
Property subtype
Commercial
Building Details
Year Built
1920
Listing Agency:
RG REALTY, INC.
(240) 203-6393
Listed By:
ROBERTO G. GONZALEZ · License #598229
Source:
Corcoran
Added: May 18
Changed: Jul 10
Last Checked: Aug 26 at 10:21AM
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 RG REALTY, INC.
Investment Insights
Based on property information with market context.
Located in downtown Hagerstown, the Earles Building at 72 W Washington Street presents a rare redevelopment opportunity. This seven-story historic commercial asset is situated in the heart of the City Center corridor on approximately 0.23 acres. Zoned CCMU, the property offers adaptive reuse potential for investors, developers, or mixed-use repositioning buyers. Redevelopment plans provided by the seller illustrate a concept for 42 residential units, including 26 one-bedroom and 16 two-bedroom units, with business, fitness, and storage components on the lower level and first floor. The building's scale, visibility, historic character, and frontage on West Washington Street make it suitable for residential conversion, mixed-use redevelopment, or other value-add strategies. The property is located near downtown dining, arts, civic resources, and ongoing reinvestment activity. The building area is approximately 29,720 to 34,720 square feet, according to public sources.
Key Highlights
- Prime downtown Hagerstown location in the City Center corridor
- Significant adaptive reuse potential with seller‑furnished redevelopment plans for a 42‑unit residential conversion
- CCMU zoning allows for flexible mixed‑use redevelopment strategies
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,075
Businesses Nearby
Explore this area
Business Placement
Demographics for 21740, MD
65,619
Population
27,002
Households
2.4
Avg Household Size
39
Median Age
20%
College-Educated
86%
High-School Grad
70.9 sq mi
ZIP Area
926
Density / Sq Mi
$59,410
Median Household Income
$42,159
Median Earnings
$1,031
Median Rent
$241,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic building with adaptive reuse potential in downtown Hagerstown.
Where is this mixed-use property located?
The property is located at 72 W Washington St Hagerstown, MD.
What is the asking price?
The asking price for this property is $2,490,000.
What are key features of this property?
This property features: Prime downtown Hagerstown location in the City Center corridor; Significant adaptive reuse potential with seller‑furnished redevelopment plans for a 42‑unit residential conversion; CCMU zoning allows for flexible mixed‑use redevelopment strategies
