$ 925,000
-
$925,000
Price -
0
Bed -
0
Bath -
10,400
SqFt
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About the Listing RGRE1 - 124248
Stabilized 10-Unit Mixed-Use Investment with Value-Add Upside in Downtown Hagerstown Located at 101–103 North Potomac Street, Hagerstown, MD 21740, this 10-unit mixed-use property consists of 7 commercial retail/office units and 3 residential apartments, providing diversified income in a prime downtown location. The property is 100% occupied, delivering immediate and stable cash flow. In addition to the existing unit mix, there is potential to add an additional residential or office unit on the second floor, subject to buyer’s due diligence, zoning, and permitting. This area requires work, creating a clear value-add opportunity to increase unit count and future income. Ownership completed over $75,000 in capital improvements in 2025, including the installation of a new roof and the replacement of three HVAC/AC units. These significant upgrades materially reduce near-term capital expenditure risk and enhance the long-term performance of the asset. The downtown Hagerstown location supports strong demand for both commercial and residential tenants due to visibility, walkability, and proximity to employment centers, government offices, retail, and public services. This asset is well suited for investors seeking a stabilized mixed-use property with upside through unit expansion, selective renovations, or rent growth. Overall, the property represents a compelling opportunity combining full occupancy, recent capital improvements, diversified tenancy, and additional value-add potential in an established urban corridor.
Listing Highlights
Status
Active
Days on Site
30
Property Type
Commercial Sale
MLS ®
MDWA2034332
Year Built
1920
Total Square Footage
10,400
Lot/Acreage
0.12
County
Washington
School District
Washington County Public Schools
Middle School
E. Russell Hicks School
High School
South Hagerstown Sr
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Baseboard - Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: CCMU
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $6,048
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
101 Potomac St Hagerstown, MD 21740
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