29 Franklin St Hagerstown, MD 21740-4835
- Investment properties
- 8,682 SF
- 0.14 lot acres
Current Use by Public Records
- The Poole Law Group, Limited / Personal Injury Attorney / Civil Law Attorney
- Poole, Travis W / Attorney
- Law Office of Arthur Schneider P.C. / Personal Injury Attorney
Property Details for 29 Franklin St
- Year built
- 1900
- Construction
- BRICK
- Lot size
- 0.14 lot acres
- Property size
- 8,682 SF
- Zone code
- CCMU
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 25-010159
- APU
- 25010159
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hagerstown
- County
- Washington
- State
- Maryland
- Longitude
- -77.7205
- Latitude
- 39.6435
- CBSA code
- 25180
- CBSA name
- HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA
