Property profile

640 Frederick St Hagerstown, MD 21740

OFF-MARKET
Warehouses
Property ID
US40-1379563
4,239 SF 0.36 ac lot Built 1968
Individually Owned 1-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 10,121 square foot mixed-use commercial property at 640 Frederick Street, Hagerstown, MD, presents a lucrative investment opportunity. Situated on a 0.36-acre lot, this building offers substantial space ideal for a variety of uses, including offices, retail, warehouse, or even a school. The property features ample workspace, private offices, and extensive storage areas. Large front windows are perfect for showroom displays. Its convenient location directly across from an apartment complex ensures high visibility and foot traffic. The property boasts handicap accessibility, separate gas and electric meters, and plentiful parking both in front and in the rear. Enjoy the benefits of moderate traffic and commerce in a desirable area, promising a strong return on investment. Its proximity to Hager Park, Staley Park, and Potterfield Pool adds to its appeal, while its 12-minute distance from Hagerstown Regional Airport and easy access to major roadways provide excellent connectivity. This versatile building is a prime addition to any investment portfolio. The asking price is $209,900.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1968
Construction BRICK
Total area 4,239 SF
Lot 0.36 ac (15,682 SF)
Zoning code CG
APN 17-006339
UPID US40-1379563

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Health Care Service

Location

640 Frederick St Hagerstown, MD 21740-6857
Hagerstown metro Census 602 HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2025
Last sale
$314,250
7 recorded transactions
2025
Price N/A
2025
$180,000
2023
$242,000
2005
$314,250
2000
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CG · Hagerstown, MD
Zoning description

The purpose of this zoning district is to provide locations for businesses of a general nature to serve the community.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 640 Frederick St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message