36-40 Potomac St Hagerstown, MD 21740
- Retail properties
- 7,850 SF
- 1,500.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 36-40 Potomac St
- Year built
- 1850
- Lot size
- 1,500.00 lot acres
- Property size
- 7,850 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional mixed-use property at 36-40 N Potomac Street, Hagerstown, Maryland, presents a compelling investment opportunity. The 7,850 square foot building, constructed in 1850 and renovated in 2010, boasts a desirable blend of retail and multifamily components. Currently operating as a fully leased property, it offers a strong, consistent income stream. The building comprises four updated residential apartments and two commercial spaces, all currently occupied with tenants maintaining timely rent payments. One unit features brand new air conditioning. The property includes 12 parking spaces located at the rear, providing convenient access and connecting to city parking. The asking price is $949,000, representing a price per square foot of $120.89 and a 7.25% cap rate, generating a net operating income (NOI) of $67,910. Situated on a 1.5-acre lot, this fee-simple ownership opportunity is zoned for commercial use (Permitted Zoning: 1). Detailed financial information is available upon request. This property offers a rare combination of historical charm, modern updates, and strong financial performance, making it an ideal investment for discerning buyers seeking a stable and profitable venture in a thriving Maryland market. The property's address is 36-40 N Potomac St, Hagerstown, MD 21740.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hagerstown
- County
- Washington
- State
- Maryland
- Longitude
- -77.7194
- Latitude
- 39.6428
