$ 3,950,000
-
$3,950,000
Price -
0
Bed - Bath
-
19,600
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing LSTR1 - 3068857,3322331
32 Residential Units, two Commercial Units and a Leasing Office. Residential Occupancy rate is 94%. One of the two commercial spaces is leased (5 Yr Lease) that just began. In the heart of downtown Hagerstown, just blocks away from the minor league baseball stadium (Meritus Park Stadium) on the same block as the Maryland Theatre and just across the street from the Meinelschmidt Distillery, Bulls and Bears and Schmankerl Stube Restaurant, as well as the Washington County Public Library (diagonally across the intersection). High vehicular and foot traffic, as the property is in downtown Hagerstown. Projected Cap Rate - 8.4% The current owner has had 2 grant applications approved, and a prospective buyer can seek many more. The Georgian is located in the following: Qualified Opportunity Zone: You can look up 55 S Potomac St here to verify City of Hagerstown Arts & Entertainment District property tax incentive: City of Hagerstown Main Street Grant Area. City of Hagerstown Partners in Economic Progress (PEP) Program zone City of Hagerstown City Center Redevelopment Grant zone. Downtown Historic District. (local/state and NHR federal) Enterprise Zone: City of Hagerstown CC-MU area
Listing Highlights for 55 S Potomac St
Status
Active With Contingency
Days on Site
125
Property Type
Commercial Sale
MLS ®
MDWA2029678
Year Built
1900
Total Square Footage
19,600
Lot/Acreage
0.11
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Multi Units
- 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: $26,464
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Listing Location
Questions About..
55 S Potomac St Hagerstown, MD 21740
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
