351 Potomac StHagerstown, MD 21740

Property Details for 351 Potomac St

Year built

1900

Construction

BRICK

Lot size

1.14 AC

Property size (Sq ft)

10,626 SF

Zone code

IR

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

03-000079

APU

3000079

Description

This exceptional 17,420 square foot commercial property, situated on a 1.14-acre lot at 351 S Potomac Street in Hagerstown, Maryland, presents a compelling investment opportunity. Currently generating income with a strong 11% capitalization rate, the property boasts two newly renovated apartments that are fully leased, providing immediate cash flow. The existing commercial lease offers options for renewal with a long-term tenant, ensuring continued rental income. The property's prime location offers excellent visibility and ample parking, enhancing its appeal to both tenants and investors. The building's strong occupancy and the potential for future income streams make this a rare find in the Hagerstown market. A 24-48 hour notice is required for showings. This property is ideal for investors seeking a stable, high-return investment with significant upside potential. The property's size and location make it suitable for a variety of commercial uses, offering flexibility for future development or expansion. Detailed financial information and lease agreements are available upon request. Don't miss this chance to acquire a proven income-producing asset in a thriving Hagerstown location.

Location Insight

City

Hagerstown

County

Washington

State

Maryland

Latitude

39.6351

Longitude

-77.7235

CBSA code

25180

CBSA name

HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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