Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    351 Potomac St Hagerstown, MD 21740

    Sponsored
    For Sale
    $849,900

    High-Yield, Renovated Mixed-Use Property

    Property size:
    14,832 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 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

    HighLights

    • 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.
    • 11% capitalization rate.
    • Freshly painted interior.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -77.7232372
    Latitude
    39.6351157

    Nearby Similar for Sale

    • $420,000
      3,650 SF

      Craftsman Multifamily Home in Hagerstown

      Impressive 1910 brick home with multigenerational living and income potential.
      831 Oak Hill Ave, Hagerstown, MD 21742
      View Details
    • $2,900,000
      9,859 SF

      Turnkey 17-Unit Investment Property

      Fully occupied, renovated 17-unit property in Hagerstown, MD.
      15149 Bloyers Ave, Hagerstown, MD 21740
      View Details
    • $700,000
      6,531 SF

      Hagerstown Multifamily Investment Opportunity

      Eight-unit multifamily property in downtown Hagerstown with income potential.
      200 E Antietam St, Hagerstown, MD 21740
      View Details
    • $550,000
      3,720 SF

      Cash-Flowing 5-Unit Multi-Building Investment

      Fully rented, well-maintained investment property with upside potential in Hagerstown.
      1301 Virginia Ave, Hagerstown, MD 21740
      View Details
    • $445,000
      3,548 SF

      Hagerstown Four-Unit Multifamily Property

      Four-unit building in downtown Hagerstown with off-street parking.
      25 S Locust St, Hagerstown, MD 21740
      View Details
    • $390,000

      HAGERSTOWN Commercial Condo For Sale

      1,440 sq ft commercial condo in C-2 zoning.
      366 Mill St, Hagerstown, MD 21740
      View Details
    • $299,900
      2,560 SF

      Updated Duplex in Hagerstown, MD

      Updated duplex with two units, ideal for investment or owner-occupancy.
      1037 Spruce St, Hagerstown, MD 21740
      View Details
    • $370,000
      3,422 SF

      Turnkey Triplex Investment Opportunity

      Fully occupied triplex in Hagerstown, MD, offering consistent rental income.
      408 W Washington St, Hagerstown, MD 21740
      View Details
    • $450,000
      0.43 Acres

      HAGERSTOWN, MD Office Building

      Spacious 2-story medical/professional office building for sale.
      645 E 1St St, Hagerstown, MD 21740
      View Details
    • $395,000
      0.14 Acres

      Remodeled Office Space in Hagerstown

      Remodeled office space with parking near the courthouse and stadium.
      115 Washington St, Hagerstown, MD 21740
      View Details
    • New
      $260,000
      2,048 SF

      Updated Brick Duplex with Potential

      Updated duplex with rental income potential in Hagerstown, Maryland.
      228 E Washington St, Hagerstown, MD 21740
      View Details
    • New
      $379,950
      2,482 SF

      Versatile Multifamily Investment Opportunity

      Multifamily property with income potential in a convenient location.
      713-715 Medway Rd, Hagerstown, MD 21740
      View Details

    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.
    (301) 745-1500
    Request Owner's contact information
    351 Potomac St Hagerstown, MD 21740
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    351 Potomac St
    Hagerstown, MD 21740
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    351 Potomac St Hagerstown, MD 21740
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.