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82 West Washington Street Hagerstown, MD 21740

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For Sale
$1,500,000

Historic landmark with modern performance and value-add potential.

Type:Office
Added:
Mar 6, 2026
Days on Market:
31
Last Refresh:
Apr 2 at 12:13 am

Property Features for 82 West Washington Street

General Information

Standard status
Active
Property subtype
Office

Building Details

Year Built
1920

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Listing Contact
Taylor Smith
Taylor Smith

Listing agent Taylor Smith License #MD #672598

Listing office Home Towne Realty Group

Listing date Mar 6, 2026

Source Svn

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 Home Towne Realty Group


Overview

Historic Bryan Centre Office Building

The Bryan Centre is a historic landmark with modern performance capabilities. As of January 2026, the property generates a monthly recurring rent of $14,203.00, resulting in an annual gross income of $170,436.00. The current annual net operating income (NOI) is $106,745.11, which translates to a cap rate of 7.12% at a price of $1.5 million. There is a pro-forma opportunity to increase the monthly recurring rent to $22,408.00, potentially boosting the annual gross income to $268,896.00. This represents a growth opportunity of +57.8%. Additionally, there is potential for monthly parking income of +$720.00 from 16 available spots. The estimated pro-forma NOI could reach $185,000.00, based on standard expense ratios and lease-up of floors 3, 5, 6, and the Lower Level, resulting in a cap rate of 12.33% at $1.5 million, indicating value-add potential and yield expansion.
Location Intelligence

Current Use by Public Records

Harbin Law Office Law Firm Alan J. Nuta, ... Law Firm Lochbaum Susan M Law Firm Bodie Law Hagerstown Law Firm Behrmann Toby Physician

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

Location Insight

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  • Local Demand
City
Hagerstown
County
Washington
State
Maryland
Longitude
-77.7219
Latitude
39.6433

FAQs

What type of property is this?
Office building - Historic landmark with modern performance and value-add potential.
Where is this office building located?
The property is located at 82 West Washington Street Hagerstown, MD.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Significant Pro‑Forma NOI Increase: Potential to grow Annual Net Operating Income to $185,000.00.; High Pro‑Forma Cap Rate: Projected 12.33% Cap Rate at $1.5M valuation.; Substantial Monthly Recurring Rent Growth: Opportunity to increase monthly rent by $8,205.
More about this property
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