530 Locust St Hagerstown, MD 21740

Property Details for 530 Locust St

Year built

1930

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.77 lot acres

Property size

15,902 SF

Zone code

RMED

Property type

Office buildings

APN

22-021753

APU

22021753

Description

This exceptional investment opportunity presents a 23,800 square foot, three-story brick office building situated on a 1.77-acre lot in Hagerstown, Maryland. Originally constructed in 1930 as a school, the property boasts a rich history and currently features numerous classrooms, training rooms, conference rooms, administrative offices, and a large staff lounge. A secondary 3,260 square foot metal clad building provides additional space, ideal for storage or expansion. The property includes 101 paved parking spaces within a fully fenced area. The building is well-maintained and presents in excellent condition. Currently zoned Residential-Medium Density (RMED), the property's current office use is considered non-conforming. The asking price is $1,300,000, translating to $54.62 per square foot. This property offers significant potential for various uses, given its size, location, and existing infrastructure. The address is 530 N Locust St, Hagerstown, MD 21740. This is a rare opportunity to acquire a substantial property in a desirable location with significant upside potential.

Location Insight

City

Hagerstown

County

Washington

State

Maryland

Longitude

-77.7116

Latitude

39.6476

CBSA code

25180

CBSA name

HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments