Crestwood Dr Hagerstown, MD 21742

Listing agency Berkshire Hathaway HomeService Homesale t***@bowencommercial.com Show Phone

Listed by Taylor Bowen · License #PA ABR005534

Source Crexi

Added: Jan 19, 2024 Updated: Jul 10 at 3:42PM Checked: Jul 19 at 9:30AM

Report an Issue

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 Berkshire Hathaway HomeService Homesale

---

Investment Insights

Based on property information with market context.

This 7.28-acre campus includes a dormitory/apartment building and two larger office/education buildings. The 13,900 square foot training/office building is currently leased as an office for a three-year period with an option for two additional years. The 25,688 square foot admin/classroom building was most recently operating as a high school, having completed a seven-figure renovation in 2021. The dormitory/apartment building was most recently used for student housing with dorm-style units. The unit mix includes one one-bedroom, one-bathroom unit and eight three-bedroom, one-bathroom units. The one-bedroom unit has already been renovated. With some renovations, the remaining units could be converted into more traditional apartments with an expected monthly rent exceeding $10,000. There is a non-binding LOI for a prospective tenant for the remaining two buildings with confirmation of lease in Spring 2025.

Key Highlights

• 7.28 acre campus with three buildings ideal for educational institutions or investors.
• 25,688 sq ft admin/classroom building recently renovated in 2021.
• 13,900 sq ft training/office building currently leased with lease option until 2028.

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $695,000

  12,792 SF

  Historic Hagerstown Landmark Building

  Renaissance Revival building with redevelopment potential in historic downtown.

  16 W Franklin Street, Hagerstown, MD 21740

  View Details
• 

  $574,900

  4,666 SF

  Five-Unit Apartment Building

  Five units are fully rented, with yearly leases in place and new rear steps currently being installed.

  671 HIGHLAND Way, HAGERSTOWN, MD 21740

  View Details
• 

  $625,000

  6,568 SF

  Five-Unit Residential Income Property

  Fully rented five-unit property with a covered front porch and off-street parking.

  601 HIGHLAND Way, HAGERSTOWN, MD 21740

  View Details
• 

  $1,400,000

  12,736 SF

  Brick 10-Unit Mixed-Use Building

  All-brick four-story building with 9 residential units and 1 commercial unit, each separately metered for electric.

  154-158S Potomac, Hagerstown, MD 21740

  View Details
• 

  $449,000

  768 SF

  Versatile Mixed-Use Commercial Property

  Mixed-use property suitable for various business and residential purposes.

  1096 S POTOMAC ST, HAGERSTOWN, MD

  View Details
• 

  $6,620,000

  9,800 SF

  Retail Property For Sale

  9,800 SqFt retail property with 6.60% CAP rate.

  10354 Supercenter Drive, Hagerstown, MD 21740

  View Details
• 

  $1,400,000

  12,736 SF

  All-Brick 10-Unit Mixed-Use Building

  Four-story all-brick 10-unit building with a detached 3-bay garage and a separate electric-metered unit mix.

  154-158 -s Potomac, HAGERSTOWN, MD 21740

  View Details
• 

  $250,000

  7,800 SF

  Downtown Hagerstown Commercial Opportunity

  Versatile commercial space near downtown Hagerstown's amenities.

  35 E WASHINGTON St, Hagerstown, MD 21740

  View Details
• 

  $2,900,000

  44,000 SF

  Renovated Flex Space For Sale

  44,000 sq ft renovated flex space with owner financing.

  651 N PROSPECT St, Hagerstown, MD 21740

  View Details
• 

  $6,691,515

  5,915 SF

  Grocery and Convenience Retail Store

  Leased grocery and convenience retail property with a long remaining term and scheduled rent increases.

  13610 Pennsylvania Avenue, Hagerstown, MD 21742

  View Details
• 

  $649,000

  4,811 SF

  HAGERSTOWN Multi-Unit Investment Opportunity

  Five-unit apartment building overlooking the new Meritus Baseball Park.

  165 SUMMIT Avenue, HAGERSTOWN, MD 21740

  View Details
• 

  $2,490,000

  34,720 SF

  Downtown Hagerstown Redevelopment Opportunity

  Historic building with adaptive reuse potential in downtown Hagerstown.

  72 W Washington St, HAGERSTOWN, MD 21740

  View Details

FAQs

What type of property is this?

School - 7.28-acre campus with multiple buildings and income potential.

Where is this school located?

The property is located at Crestwood Dr Hagerstown, MD.

What is the asking price?

The asking price for this property is $3,300,000.

What are key features of this property?

This property features: 7.28 acre campus with three buildings ideal for educational institutions or investors.; **25,688 sq ft admin/classroom building recently renovated in 2021.**; 13,900 sq ft training/office building currently leased with lease option until 2028.