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Financial
Distress signals
Property profile

120 Cleveland Ave Hagerstown, MD 21740

OFF-MARKET
Turn key restaurants
Property ID
US40-2160652
3,795 SF 0.17 ac lot Built 1932
Last sale May 2022 · $151,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This corner restaurant property is located at 120 Cleveland Avenue in Hagerstown, Maryland. The building includes two large dining rooms and is offered with existing restaurant equipment, with an attached inventory list supporting review of installed contents and operational setup. Off-street parking is provided in a paved lot across the street, and there is additional on-street parking along two adjacent streets. The property is situated approximately one block from Dual Highway, offering…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$228k
Effective rate0.92%

Value estimate

· Oct 2026
$135k
$122k – $149k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$303/SF
ZIP average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$166 – $582

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
RMED
The purpose of this zoning district is to provide areas for medium density residential development.
General categoryRESIDENTIAL
JurisdictionWASHINGTON

Location intelligence

Which uses thrive at this corner?
Best fit: Dry Cleaner
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dry Cleaner9.3
Tailor Shop8.8
Watch Repair Shop8.8

Location

120 Cleveland Ave Hagerstown, MD 21740-5479
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
17840 Garland Groh, Hagerstown, MD 21740-1992 $1,600,000 May 2025 6,196 SF
330 Dual, Hagerstown, MD 21740-5712 $850,000 Jan 2025 2,553 SF
571 Jefferson, Hagerstown, MD 21740-5008 $290,000 Aug 2024 4,208 SF
301 Washington, Hagerstown, MD 21740-5766 $675,000 Feb 2024 2,990 SF
360 Burhans, Hagerstown, MD 21740-5339 $525,000 Jul 2023 4,208 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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