Property profile

149 Potomac St Hagerstown, MD 21740

OFF-MARKET
Specialty properties
Property ID
US40-0003250
55,239 SF 0.93 ac lot
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Construction BRICK
Total area 55,239 SF
Lot 0.93 ac (40,560 SF)
Zoning code CCMU
APN 25-035321
UPID US40-0003250

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Courier Service Postal Service

Location

149 Potomac St Hagerstown, MD 21740-4809
Hagerstown metro Census 400 HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.44M
Blend (final) Blend
$525k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2025
Price N/A
2025
Price N/A
2025
$300,000
2002
$500,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CCMU · Hagerstown, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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