Property profile

14113 Pennsylvania Ave Hagerstown, MD 21742

OFF-MARKET
Retail properties & Spaces
9,000 SF 1.31 ac lot Built 1920
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Property summary

AI-generated overview

This exceptional 9,000-square-foot mixed-use property, located at 14113 Pennsylvania Ave in Hagerstown, Maryland, presents a unique investment opportunity. The three-story, 1920s-era bank barn, situated on a 1.31-acre lot, boasts significant character and charm, seamlessly blending historic architecture with modern conveniences. Currently operating at 100% occupancy, the property comprises three distinct units: a community market, a one-bedroom cottage, and a two-bedroom townhome. Further enhancing its income potential is an included caterer's kitchen. The property features ample parking with 65 spaces and is zoned RT-PU, allowing for diverse uses. Its strategic location near I-81, Hagerstown Airport, and the state line provides excellent accessibility and visibility. The property's versatile layout and existing infrastructure make it ideal for a variety of businesses, including event spaces, retail ventures, or flexible office configurations. The asking price is $1,100,000, translating to $122.22 per square foot. This represents a compelling investment in a thriving Maryland market. The property's APN is MDWA2023214, and the zip code is 21742.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1920
Total area 9,000 SF
Lot 1.31 ac (57,064 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Event Planning Wedding Service
  • Restaurant
  • Specialty Food Shop Farmer's Market
  • Restaurant
  • Bakery Specialty Food Shop

Location

14113 Pennsylvania Ave Hagerstown, MD 21742
Hagerstown metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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