36-40 Potomac StHagerstown, MD 21740

Property Details for 36-40 Potomac St

Year built

1850

Lot size

1,500.00 AC

Property size (Sq ft)

7,850 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional mixed-use property at 36-40 N Potomac Street, Hagerstown, Maryland, presents a compelling investment opportunity. The 7,850 square foot building, constructed in 1850 and renovated in 2010, boasts a desirable blend of retail and multifamily components. Currently operating as a fully leased property, it offers a strong, consistent income stream. The building comprises four updated residential apartments and two commercial spaces, all currently occupied with tenants maintaining timely rent payments. One unit features brand new air conditioning. The property includes 12 parking spaces located at the rear, providing convenient access and connecting to city parking. The asking price is $949,000, representing a price per square foot of $120.89 and a 7.25% cap rate, generating a net operating income (NOI) of $67,910. Situated on a 1.5-acre lot, this fee-simple ownership opportunity is zoned for commercial use (Permitted Zoning: 1). Detailed financial information is available upon request. This property offers a rare combination of historical charm, modern updates, and strong financial performance, making it an ideal investment for discerning buyers seeking a stable and profitable venture in a thriving Maryland market. The property's address is 36-40 N Potomac St, Hagerstown, MD 21740.

Location Insight

City

Hagerstown

County

Washington

State

Maryland

Latitude

39.6428

Longitude

-77.7194

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