21 Potomac StHagerstown, MD 21740

  • Sports & entertainment properties
  • 31,816 SF
For Lease

Property Details for 21 Potomac St

Year built
2020
Construction
BRICK
Lot size
0.47 AC
Property size (Sq ft)
31,816 SF
Zone code
CCMU
Property type
Sports & entertainment properties
Property subtype
Theaters & concert halls
APN
03-030059
APU
3030059

Description

This exceptional 988-square-foot office space, located on the second floor of the recently renovated Maryland Theatre in Hagerstown's vibrant City Center, presents a unique opportunity for businesses seeking a prestigious address. The space boasts an open floor plan, ideal for collaborative work environments, complemented by a small private office and a convenient storage room. Elevator access ensures easy accessibility. A significant advantage is the immediate adjacency to a shared conference room, accommodating up to 18 people, available for use with advance scheduling at no extra cost. The monthly base rent of $2500 is all-inclusive, covering utilities and NNN expenses such as window washing and exterior trash removal. Tenants are solely responsible for their internet and individual cleaning services. This single-tenant space offers flexibility, with potential for discounted rates on the use of the building's Ballroom or Historic Auditorium, subject to availability and agreement. The property's central location within Hagerstown's City Center provides excellent visibility and accessibility. This is a rare opportunity to establish your business in a landmark building with modern amenities and a rich history. The combination of a renovated space, inclusive rent, and access to shared amenities makes this an attractive option for a variety of businesses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $8,667,639
    Hospitality
    $7,939,511
    Educational
    $6,605,580
    Medical
    $6,832,756
    Retail
    $10,275,346
21 Potomac St, Hagerstown, Maryland

Location Insight

City
Hagerstown
County
Washington
State
Maryland
Latitude
39.6416
Longitude
-77.7213
CBSA code
25180
CBSA name
HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
-
-
$10,070,533
-
$102,000
$11,570,600
$11,672,600

FAQs

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