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    Property profile & analytics
    OFF-MARKET
    Warehouses

    640 Frederick St, Hagerstown, MD 21740-6857

    4,239 SF 0.36 ac lot Built 1968
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US40-1379563
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Compere Multi Services Inc Home Health Care Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    James W Morrison · 1 yrs held
    James W Morrison
    since 2025
    Last sale
    $314,250
    7 recorded transactions
    2025
    2025
    $180,000
    2023
    $242,000
    2005
    $314,250
    2000
    1969
    1969
    Zoning & alternative use
    CG · Hagerstown, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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