351 Potomac St Hagerstown, MD 21740
Call to check price and availability
High-Yield, Renovated Mixed-Use Property
Property size:
14,832 SFProperty Features for 351 Potomac St
General Information
- Property type
- Mixed-use properties
- Square Feet
- 14,832 SF
Building Details
- Year Built
- 1900
- Buildings
- 3
- Stories
- 3
Listing Agency: Coldwell Banker Innovations Listing Agent: Alice J Guy
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional mixed-use property in Hagerstown, MD, presents a compelling investment opportunity. Located at 351-359 N Potomac Street, this FEE SIMPLE offering encompasses three buildings totaling 14,832 square feet, with 14,000 square feet of net rentable space. Constructed in 1900, the property features three stories and benefits from INDUSTRIAL RESTRICTED zoning. The property includes two residential apartments, fully renovated in 2024 and currently fully leased, offering immediate income generation. A commercial lease is in place with a long-term tenant and options to renew, ensuring consistent cash flow. The property boasts a strong 11% capitalization rate, making it an attractive investment. The recent renovations, including fresh paint, enhance the property's appeal and potential for future income growth. Ample parking is available, adding to the property's overall value and desirability. The property's prime location in Hagerstown provides excellent access to local amenities and transportation networks. This is a rare opportunity to acquire a well-maintained, high-yielding mixed-use property with significant upside potential. A 24-48 hour notice is required for showings.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Hagerstown
- County
- Washington
- State
- Maryland
- Longitude
- -77.7232372
- Latitude
- 39.6351157
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - High-Yield, Renovated Mixed-Use Property
Where is this mixed-use property located?
The property is located at 351 Potomac St Hagerstown, MD.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Fee simple ownership of three buildings totaling 14,832 square feet (14,000 square feet net rentable).; Two fully renovated residential apartments (2024), currently 100% leased.; Long-term commercial lease in place with renewal options.