330 Mill StHagerstown, MD 21740

Property Details for 330 Mill St

Lot size

0.03 AC

Property size (Sq ft)

1,440 SF

Zone code

CG

Property type

Office properties

Property subtype

Other office properties

APN

17-032305

APU

17032305

Description

This exceptional investment opportunity presents a well-maintained, two-unit office building situated at 330 Mill Street in Hagerstown, Maryland. The property boasts a combined total of over 2,800 square feet of space, offering significant potential for various uses. The building's prime corner location provides excellent visibility and accessibility. Each unit is separately addressable (330 and 332 Mill Street) and can be sold individually or together, providing flexibility for potential buyers. The property features ample private parking, a significant advantage in a busy commercial area. The interior comprises numerous rooms and bathrooms, catering to a variety of business needs. The building is in excellent condition, reflecting meticulous upkeep and maintenance. This property represents a rare chance to acquire a well-established commercial space in a desirable Hagerstown location, offering both immediate income potential and long-term growth prospects. The asking price is $575,000. Contact us today to learn more about this unique opportunity and schedule a viewing. Further details regarding individual unit sizes and specifications are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $342,735

  6.5%

  $316,371

  7%

  $293,773

• Comparable approach

  Method

  Valuation

  Relative Method

  $287,914

  Geo Method

  $287,914

• Alternative Use

  Use

  Valuation

  Residential

  $392,299

  Hospitality

  $359,344

  Educational

  $298,970

  Medical

  $309,252

  Retail

  $465,065

Location Insight

City

Hagerstown

County

Washington

State

Maryland

Latitude

39.6336

Longitude

-77.7182

CBSA code

25180

CBSA name

HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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