34 Charles StHagerstown, MD 21740

Property Details for 34 Charles St

Year built

1950

Construction

BRICK

Lot size

0.71 AC

Property size (Sq ft)

5,312 SF

Zone code

RO

Property type

Office properties

Property subtype

Office buildings

APN

25-020766

APU

25020766

Description

This exceptional investment opportunity presents a 8,012 square foot flex property situated on a 0.7-acre lot in Hagerstown, Maryland. The property consists of three buildings, offering a versatile mix of office, lab, and storage space. Building 1, an L-shaped structure, features updated HVAC, a new roof (approx. 2016), hot water baseboard heat, a new reverse osmosis system and chiller for the lab, a sump pump with backup battery, a heated ramp with removable bollards, and 3-phase power. Building 2 provides additional lab and storage space, also boasting a new roof and HVAC (approx. 2018) and 3-phase power. Building 3 is a storage shed equipped with a roll-up door and electrical service. The entire property is fully fenced with a keypad-operated security gate. Built in 1950 and 1991, with renovations in 2016 and 2018, the property is well-maintained. Currently zoned RO (Residential Office) with a historic overlay, adjacent parcels are zoned IR (Industrial Restricted) and N-MU (Neighborhood Mixed Use). Certain lab uses are grandfathered until May 2025, per the City of Hagerstown. The property offers 19 parking spaces and is conveniently located 3.2 miles from I-81, providing easy access to I-70 and major transportation routes. Prospective buyers are advised to conduct their own due diligence. This property presents a rare opportunity in a market experiencing a shortage of flex space for small to mid-sized businesses. Asking price: $449,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,264,310

  6.5%

  $1,167,056

  7%

  $1,083,695

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,062,081

  Geo Method

  $1,062,081

• Alternative Use

  Use

  Valuation

  Residential

  $1,447,149

  Hospitality

  $1,325,581

  Educational

  $1,102,868

  Medical

  $1,140,797

  Retail

  $1,715,572

Location Insight

City

Hagerstown

County

Washington

State

Maryland

Latitude

39.65

Longitude

-77.7155

CBSA code

25180

CBSA name

HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.