149 Potomac St, Hagerstown, MD 21740-4809
This exceptional 55,239 square foot mixed-use property presents a unique investment opportunity in the heart of Hagerstown, Maryland. Strategically located on the corner of North Potomac Street and West Church Street, this expansive building boasts 165 feet of frontage on West Potomac Street and 230 feet of frontage on West Church Street. Previously utilized as a YMCA, the property offers a multitude of potential uses, including residential, commercial, mixed-use, and light manufacturing. Detailed permitted uses can be found on the City of Hagerstown Land Management Code page. The building itself is impressive, featuring a grand entryway, numerous large rooms, gymnasiums, an indoor track, swimming pools, theaters, racquetball courts, and over 60 dorm rooms, along with ample meeting space. Its prime location offers convenient access to major roadways including US Highway 40, US 11, I-81, and Route 70, placing it within easy reach of a wide range of amenities and services. Nearby attractions include Meritus Park, Barbara Ingram School for the Arts, The Maryland Theatre, Western MD Regional Library, The Potomac Towers, and Hagerstown Fairgrounds Park, as well as University Plaza. The property sits on a 0.93-acre lot. For those interested in renovations, grants may be available through the City of Hagerstown Department of Community and Economic Development. An appraisal is available for review via the provided link. This is a truly one-of-a-kind property with limitless possibilities.
-
Hagerstown•SameDay•Couriers•Express•Logistics• Courier Service Postal Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CCMU · Hagerstown, MDHagerstown. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.