116 Baltimore St Hagerstown, MD 21740

This unique investment opportunity presents a 9,568 square foot, two-story creative office building located at 116 W Baltimore St, Hagerstown, MD 21740. Built in 1962, this property sits on a 0.46-acre lot and offers 30 parking spaces. Currently configured as a single-tenant office space, the lease expires on December 31, 2024, with an occupancy date of December 16, 2024. The building is zoned RMED with an existing non-conforming use for office purposes. Priced at $525,000, this is a value-add project ideal for a small business owner/user seeking a significant renovation opportunity. The property is being sold "as is, where is," and requires deferred maintenance, including upgrades to major building systems. Its location offers proximity to the new Meritus Baseball Stadium, presenting potential for increased visibility and foot traffic. This is a chance to acquire a substantial property in an Opportunity Zone, allowing for potential tax advantages. The building's substantial size and ample parking make it a compelling prospect for redevelopment or adaptive reuse. Serious inquiries are encouraged to explore the potential of this unique investment.