12910 Salem AveHagerstown, MD 21740

Property Details for 12910 Salem Ave

Year built

1957

Lot size

1.31 AC

Property size (Sq ft)

1,246 SF

Zone code

HI

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

13-013268

APU

13013268

Description

This exceptional mixed-use property, located at 12910 Salem Avenue in Hagerstown, Maryland, presents a compelling investment opportunity. The 1,246 square foot building sits on a sizable 1.31-acre lot, offering significant development potential. Its prime location boasts high traffic volume, placing it in close proximity to major interstates and numerous thriving businesses. The existing home is included in the sale, conveying in "as-is" condition. This presents a unique chance to renovate, repurpose, or redevelop the property to suit a variety of commercial uses. The property's size and location make it ideal for a range of ventures, from retail and office space to light industrial uses. The asking price of $125,000 is aggressively priced to ensure a swift sale. This is a rare chance to acquire a substantial property in a high-demand area at an exceptionally competitive price. The property's potential is virtually limitless, making it an attractive investment for both seasoned developers and first-time buyers seeking a high-return opportunity. Don't miss this chance to capitalize on this prime Hagerstown location. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $296,561

  6.5%

  $273,748

  7%

  $254,195

• Comparable approach

  Method

  Valuation

  Relative Method

  $249,125

  Geo Method

  $249,125

• Alternative Use

  Use

  Valuation

  Residential

  $339,448

  Hospitality

  $310,933

  Educational

  $258,692

  Medical

  $267,589

  Retail

  $402,410

Location Insight

City

Hagerstown

County

Washington

State

Maryland

Latitude

39.666

Longitude

-77.7443

CBSA code

25180

CBSA name

HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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