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Seven-Story Historic Mixed-Use Building
For Sale
$2,290,000

72 W WASHINGTON Street, Hagerstown, MD 21740

Commercial Sale, HAGERSTOWN, MD

Property Size34,720 SF
Lot Size0.23 Acres
Price / SF$65.96
Days on Market140

Property Features for 72 W WASHINGTON Street

General Information

Property type Other
Property subtype Office
Rooms Basement
Elementary school district WASHINGTON COUNTY PUBLIC SCHOOLS
Middle school district WASHINGTON COUNTY PUBLIC SCHOOLS
High school district WASHINGTON COUNTY PUBLIC SCHOOLS
Standard status Active
Lot size 0.23 Acres

Taxes and HOA fees

Tax Annual Amount 18677

Building Details

Year built 1920
Number of units 2
Building materials Brick, Concrete
Listing Agency: RG Realty, Inc.
Listed By: Roberto G. Gonzalez · License #598229
Added: May 19 Changed: Sep 16 Last Checked: Oct 5 at 11:06PM
MLS# MDWA2037084

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The Earles Building is a seven-story historic commercial property constructed in 1920, with brick and concrete construction and a basement. The approximately 0.2251-acre site carries CCMU zoning and includes frontage along West Washington Street. Seller-furnished redevelopment plans illustrate a 42-unit residential conversion concept with 26 one-bedroom units and 16 two-bedroom units. The concept also includes business, fitness, and storage areas on the lower level and first floor; approvals, plan status, and feasibility remain subject to buyer verification.

Located in the City Center corridor of downtown Hagerstown, the property is near dining, arts, and civic uses. Its historic building form and existing commercial scale support consideration of adaptive reuse or mixed-use redevelopment, subject to confirmation of zoning, incentives, building area, and required approvals.

Key Highlights

  • Seven‑story historic commercial building constructed in 1920
  • Approximately 0.2251‑acre site with CCMU zoning
  • 42‑unit residential conversion concept shown in seller‑furnished plans

Property Analytics

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Current Use

Downtown Luxe Apartment Building

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Pet Grooming Service Tanning Salon Veterinary Clinic Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

42
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,075
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Seller-furnished plans outline residential conversion with business, fitness, and storage areas.
Where is this mixed-use property located?
The property is located at 72 W WASHINGTON Street Hagerstown, MD.
What is the asking price?
The asking price for this property is $2,290,000.
What are key features of this property?
This property features: Seven‑story historic commercial building constructed in 1920; Approximately 0.2251‑acre site with CCMU zoning; 42‑unit residential conversion concept shown in seller‑furnished plans
More about this property
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