29 Franklin St Hagerstown, MD 21740-4835

This exceptional mixed-use property at 29 W Franklin St, Hagerstown, MD 21740 presents a compelling value-add investment opportunity. The 14,000 square foot building, constructed in 1976 and boasting five stories, is zoned CC-MU. Currently, the ground floor houses a thriving law office, providing immediate rental income. Above, six well-maintained residential apartments offer consistent occupancy and historic charm. The building features private parking for tenants, a significant advantage in this desirable location. The property benefits from separately metered electric and gas-fired boilers with full redundancy, ensuring efficient and reliable operation. Its proximity to downtown Hagerstown provides tenants with easy access to a wide array of amenities. The asking price is $795,000, translating to $56.79 per square foot. This represents a strong return on investment in a stable market. The building's solid history of occupancy since 1976 speaks to its enduring appeal and potential for continued growth. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving Maryland city.