55 S Potomac Street
Hagerstown,
MD
21740
Property Details
| List Price: |
$3,950,000 |
| Beds: |
-- |
| Baths: |
-- |
| Status: |
ActiveUnderContract |
SqFt: |
0 Square Feet |
| Agency: |
Mr. Lister Realty |
| Agency Phone: |
(410) 486-4504 |
Description/Comments
| Lot Size: |
0 acre(s) |
| Property Type: |
Other-Other |
| Year Built: |
1900 |
| Notes: |
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 |
| MlsNumber: |
-- |
| ListingId: |
MDWA2029678 |
Estimate Your Monthly Payment
| Listing Provided By: |
Mr. Lister Realty |
| Phone: |
(410) 486-5478 |
| Office Phone: |
(410) 486-4504 |
| Agent Name: |
Matthew Hilldoerfer |
| Disclaimer: |
Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |
