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    OFF-MARKET
    Grocery and convenience stores

    401 Ctr St, Hagerstown, MD 21740-5327

    996 SF 0.12 ac lot Built 1900
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US40-0959623
    Property summary
    AI-generated overview

    This newly renovated 996 sq ft commercial property in Hagerstown, MD, sits on a 0.12-acre lot at 401 Center Street. Previously a convenience store, this adaptable space offers three separate rooms, perfect for various uses including office, retail, or specialized services. Modern amenities include all-new wiring, a handicap-accessible entry and bathroom, a comfort zone wall radiant heater, and a large ceiling fan. The building boasts LED lighting, fresh interior and exterior paint, updated flooring, and a brand-new metal roof and windows. A Knox Box is installed for emergency access. The property also features an exhaust setup for a potential kitchen with a dish drain, making it ideal for food-related businesses. High visibility and flexible layout make this an excellent opportunity for entrepreneurs. Priced at $175,000.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group CONVENIENCE STORE
    Year built 1900
    Construction BRICK
    Total area 996 SF
    Lot 0.12 ac (5,040 SF)
    Zoning code RMED
    APN 03-007855
    UPID US40-0959623
    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
    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
    Ram Bashan · 3 yrs held
    Ram Bashan
    since 2022
    Last sale
    $58,000
    2 recorded transactions
    2022
    $58,000
    2020
    $68,000
    Zoning & alternative use
    RMED · Hagerstown, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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