100 Antietam StHagerstown, MD 21740

This exceptional investment opportunity presents a two-building, multi-tenant office complex totaling 19,156 square feet situated in the heart of Hagerstown, Maryland. The property, comprised of 100 W Antietam St and 41-43 Summit Ave, boasts a strong 8.75% cap rate and is currently 80% occupied. The buildings, constructed in 1953 and 1984, sit on a 0.31-acre lot and offer 30 parking spaces. The property is zoned CC-MU (City Center Mixed Use), providing flexibility for future development. A significant portion of the occupancy (65%) is secured by a new ten-year sale-leaseback agreement with a long-standing, reputable local insurance agency, Wright-Gardner Insurance, which has invested heavily in recent building improvements including a new roof and mechanical units. The remaining space is leased to Maryland Wellness & Recovery under a five-year lease expiring June 2029. This provides immediate cash flow with significant upside potential through lease-up of the remaining 20% vacancy and annual rent escalations. The property's prime downtown location, adjacent to the newly constructed Meritus Park Baseball Stadium, offers excellent visibility and accessibility. The asking price is $2,400,000, translating to $125 per square foot. This presents a rare value-add opportunity to acquire an urban office investment below replacement cost.