Property profile

24 Jonathan St Hagerstown, MD 21740

FOR LEASE
Office buildings
Property ID
US40-1261794
13,300 SF 0.16 ac lot Built 1898
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 13,300 square foot traditional office building, constructed in 1898, is ideally situated in Hagerstown, Maryland, at 24-28 Jonathan Street, zip code 21740. The property offers multiple tenancy options, with two spaces currently available, ranging from 1,000 to 12,300 square feet, providing flexibility for various business needs. Its prime location directly across from the Washington County office building and a half block from the courthouse ensures high visibility and accessibility. Ample street parking is readily available, supplemented by nearby parking garages within a few blocks, offering convenient parking solutions for employees and clients. The building's strategic position also benefits from its proximity to the newly constructed Meritus Park baseball stadium, home to the Hagerstown Flying Boxcars, only two and a half blocks away, adding to its appeal and potential for attracting a diverse clientele. The pricing strategy is designed to be competitive and attractive to businesses seeking to establish or expand their presence in this growing area of Hagerstown. This historic building presents a unique opportunity to secure a prominent and well-located office space in a vibrant and developing community.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1898
Construction BRICK
Total area 13,300 SF
Lot 0.16 ac (6,926 SF)
Zoning code CCMU
APN 25-009290
UPID US40-1261794

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
  • Law Firm

Location

24 Jonathan St Hagerstown, MD 21740
Hagerstown metro Census 400 HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$675k
Blend (final) Blend
$360k

Owner & transaction history

since 2022
Last sale
$400,000
3 recorded transactions
2022
$400,000
2015
$258,700
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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