824 Pennsylvania Ave, Hagerstown, MD 21742-3104
This exceptional investment opportunity presents a 2,100 square foot retail and mixed-use property located at 824 Pennsylvania Avenue in Hagerstown, Maryland. Currently operating as a laundromat and wash-and-fold business, this single-story building sits on a 0.26-acre lot and boasts a 95% occupancy rate, demonstrating strong existing income potential. The property is zoned Commercial General, offering flexibility for a variety of uses and expansion opportunities. The existing business presents a value-add opportunity for a new owner to increase operating days and hours, maximizing revenue streams. There is also the potential to lease additional retail space within the building, further enhancing profitability. The property's prime location in Hagerstown, Maryland, within Washington County, zip code 21742, ensures high visibility and accessibility to a substantial customer base. This is an ideal acquisition for investors seeking a stable, income-generating asset with significant upside potential. The property's strong performance and flexible zoning make it a compelling investment in a thriving Maryland market. Serious inquiries are encouraged to explore the full potential of this remarkable opportunity.
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21st Century Cleaners (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CG · Hagerstown, MDHagerstown. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.