535 Summit Ave Hagerstown, MD 21740
Property Lookup
Property profile & analytics
535 Summit Ave Hagerstown, MD 21740
- Day care centers
- 16,686 SF
- 2.67 lot acres
Property ID
US40-1162980
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Surrey School / Association Or Organization
Property Details for 535 Summit Ave
- Year built
- 1907
- Construction
- BRICK
- Lot size
- 2.67 lot acres
- Property size
- 16,686 SF
- Zone code
- RMOD
- Property type
- Day care centers
- APN
- 03-029735
- APU
- 3029735
Description
This exceptional investment opportunity presents a 25,029 square foot, vacant, two-story building situated on a 2.67-acre lot at 535 Summit Avenue in Hagerstown, Maryland. Built in 1907, this former school building offers significant adaptive reuse potential, currently zoned RMOD. The property boasts 77 parking spaces and is ideally located across from Hagerstown City Park, one mile from the new Meritus Park minor-league stadium, and conveniently off the same exit as the Hagerstown Premium Outlets. Conceptual plans are available for conversion into a high-end boutique hotel featuring 29 guest rooms, a luxury holistic spa with four treatment rooms, and a restaurant. The existing layout requires minimal renovations for alternative uses such as a daycare or charter school. Supplemental income potential exists through a possible parking lot lease to the city of Hagerstown, addressing a current parking shortage at City Park. The asking price is $1,590,000 ($63.53/sq ft). The property is offered fee simple with APN 03-029735. This is a value-add investment with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $795,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hagerstown
- County
- Washington
- State
- Maryland
- Longitude
- -77.7305
- Latitude
- 39.6336
- CBSA code
- 25180
- CBSA name
- HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,364
$0.00
$0.00
$586,267
-
$267,500
$466,100
$733,600
