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    Mixed-use properties

    205 Potomac St, Hagerstown, MD 21740

    5,445 SF Built 1750
    Property ID
    Property summary
    AI-generated overview

    This stunning, 5,445 sq ft, two-story building, located at 205 S Potomac St in Hagerstown, MD, presents a unique investment opportunity. Listed on the National Register of Historic Places since 1974, the property boasts original 18th-century features including doors, a staircase, and intricate moldings, beautifully blended with modern amenities such as multiple offices, conference rooms, and restrooms. The 11,648 sq ft lot provides ample space, complemented by 12 off-street parking spaces. Currently vacant, this mixed-use property offers flexible RH zoning, allowing for residential, commercial, or a combination of uses. Ideal for professional offices, residential units, event spaces, or studios, this building is situated in Hagerstown's vibrant Arts & Entertainment District, steps from cultural attractions and the new multi-use sports and events facility. The asking price is $420,000, with a price per square foot of $77.13. Built in 1750, this one-unit building presents a rare chance to own a piece of Hagerstown's history while capitalizing on its prime location and versatile zoning. High ceilings, numerous fireplaces, and hardwood floors add to the property's inherent charm and appeal. The property's APN is 2305.

    Property profile
    Verified
    Property type Mixed-use properties
    Year built 1750
    Total area 5,445 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Hagerstown Counseling LLC Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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