MD > Hagerstown
Hagerstown, MD 21740,55 S POTOMAC ST
Hagerstown, MD 21740,55 S POTOMAC ST
Hagerstown, MD 21740,55 S POTOMAC ST
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Fri
19
Dec
Sat
20
Dec
Sun
21
Dec
Graceann Tinney

Graceann Tinney

+1(267) 373-8244
Listed by Matthew Hilldoerfer • Mr. Lister Realty
$3,890,000
Est. payment /mo
4,900 Sqft Lot
Save

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID MDWA2029678

Year Built 1900

Available Date 2025-07-24

Annual Tax Amount $26,464

Tax Year 2024

Lot Size 4,900 Sqft

Acres 0.11

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

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

Location

State MD

County Washington

Zoning CCMU

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Multi Units

Heat Source Electric

Exterior

Water Access N

Accessibility Elevator

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools South Hagerstown Sr

School District Washington County Public Schools

Others

Tax ID 2203020002

Ownership Fee Simple

Security Features Exterior Cameras,Fire Detection System,Main Entrance Lock,Monitored

Acceptable Financing Cash, Private, Other

Listing Terms Cash, Private, Other

Financing Cash,Private,Other

Special Listing Condition Standard

Read Less Info
Bright MLS (BMLS)

GET MORE INFORMATION

Graceann Tinney

Graceann Tinney

Agent | RSRS344523

+1(267) 373-8244

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of The Graceann Tinney Team, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

55 S POTOMAC ST

QUICK SEARCH
There are 45 quick searches