24 Jonathan StHagerstown, MD 21740

Property Details for 24 Jonathan St

Year built

1898

Construction

BRICK

Lot size

0.16 AC

Property size (Sq ft)

13,300 SF

Zone code

CCMU

Property type

Office buildings

APN

25-009290

APU

25009290

Description

This exceptional 13,300 square foot traditional office building, constructed in 1898, is ideally situated in Hagerstown, Maryland, at 24-28 Jonathan Street, zip code 21740. The property offers multiple tenancy options, with two spaces currently available, ranging from 1,000 to 12,300 square feet, providing flexibility for various business needs. Its prime location directly across from the Washington County office building and a half block from the courthouse ensures high visibility and accessibility. Ample street parking is readily available, supplemented by nearby parking garages within a few blocks, offering convenient parking solutions for employees and clients. The building's strategic position also benefits from its proximity to the newly constructed Meritus Park baseball stadium, home to the Hagerstown Flying Boxcars, only two and a half blocks away, adding to its appeal and potential for attracting a diverse clientele. The pricing strategy is designed to be competitive and attractive to businesses seeking to establish or expand their presence in this growing area of Hagerstown. This historic building presents a unique opportunity to secure a prominent and well-located office space in a vibrant and developing community.

• CAP approach

  CAP return

  Valuation

  6%

  $3,165,536

  6.5%

  $2,922,034

  7%

  $2,713,317

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,659,202

  Geo Method

  $2,659,202

• Alternative Use

  Use

  Valuation

  Residential

  $3,623,322

  Hospitality

  $3,318,943

  Educational

  $2,761,322

  Medical

  $2,856,288

  Retail

  $4,295,390

Location Insight

City

Hagerstown

County

Washington

State

Maryland

Latitude

39.6436

Longitude

-77.7221

CBSA code

25180

CBSA name

HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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