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Property profile & analytics
OFF-MARKET
Theaters & concert halls

21 Potomac St Hagerstown, MD 21740-5512

31,816 SF 0.47 ac lot Built 2020
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US40-1515754
Property summary
AI-generated overview

This exceptional 988-square-foot office space, located on the second floor of the recently renovated Maryland Theatre in Hagerstown's vibrant City Center, presents a unique opportunity for businesses seeking a prestigious address. The space boasts an open floor plan, ideal for collaborative work environments, complemented by a small private office and a convenient storage room. Elevator access ensures easy accessibility. A significant advantage is the immediate adjacency to a shared conference room, accommodating up to 18 people, available for use with advance scheduling at no extra cost. The monthly base rent of $2500 is all-inclusive, covering utilities and NNN expenses such as window washing and exterior trash removal. Tenants are solely responsible for their internet and individual cleaning services. This single-tenant space offers flexibility, with potential for discounted rates on the use of the building's Ballroom or Historic Auditorium, subject to availability and agreement. The property's central location within Hagerstown's City Center provides excellent visibility and accessibility. This is a rare opportunity to establish your business in a landmark building with modern amenities and a rich history. The combination of a renovated space, inclusive rent, and access to shared amenities makes this an attractive option for a variety of businesses.

Property profile
Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 2020
Construction BRICK
Total area 31,816 SF
Lot 0.47 ac (20,473 SF)
Zoning code CCMU
APN 03-030059
UPID US40-1515754
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hagerstown Community Concert Association Association / Organization
  • Maryland Symphony Orchestra Theater & Performing Art Venue Music Venue
  • The Maryland Theatre Hotel & Motel Resort
  • Max Payday Loans Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Maryland Theatre Assn INC · 7 yrs held
Maryland Theatre Assn INC
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
CCMU · Hagerstown, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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