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351 S Potomac Street,  Hagerstown MD, 21740

(Active)
$849,000
|
14,244 sqft
|
MLS# MDWA2021172
Last Updated: 6/1/2024 2:41 AM
Description for 351 S Potomac Street Hagerstown, MD 21740
" Pro forma gross rental income of approximately $100,000: $54,000 from the long term existing anchor tenant (since 1926), $30,000 from the upstairs apartments, $6,000 from the garage leases, and an additional amount from the seller leaseback - to be further defined. Allow this rental income to help pay your mortgage, and add value as you further lease or occupy the space." 17,420 SF building & warehouse, land area 1.135 AC total." Two-story commercial property, storage yard/parking lot, and warehouse." Main building, 14,244 SF: first floor is retail/office, second floor contains two newly renovated two-bedroom units." Corner lot with high visibility. Rare fenced yard and warehouse space." Upside potential for leasing apartments, yard, office, and warehouse." Near the new MD Stadium Authority's Meritus Park, a future site for Atlantic League baseball concerts, festivals, and community events." Long term anchor tenant leases in place, income to help support your purchase!" "IR" Industrial Zoning." Full list of improvements and property details after financial qualification." Owner may lease back some space... inquire today!
Price
$849,000
WASHINGTON
14,244 (approx)
MDWA2021172
Active
Description
" Pro forma gross rental income of approximately $100,000: $54,000 from the long term existing anchor tenant (since 1926), $30,000 from the upstairs apartments, $6,000 from the garage leases, and an additional amount from the seller leaseback - to be further defined. Allow this rental income to help pay your mortgage, and add value as you further lease or occupy the space." 17,420 SF building & warehouse, land area 1.135 AC total." Two-story commercial property, storage yard/parking lot, and warehouse." Main building, 14,244 SF: first floor is retail/office, second floor contains two newly renovated two-bedroom units." Corner lot with high visibility. Rare fenced yard and warehouse space." Upside potential for leasing apartments, yard, office, and warehouse." Near the new MD Stadium Authority's Meritus Park, a future site for Atlantic League baseball concerts, festivals, and community events." Long term anchor tenant leases in place, income to help support your purchase!" "IR" Industrial Zoning." Full list of improvements and property details after financial qualification." Owner may lease back some space... inquire today!
Listing Information
Property Type: Mixed Use, Business Opportunities, Other
1.14 Acres 14,244 (approx) 1900
Public
Public Sewer
Neighborhood
Room Information
Exterior / Lot Features
20 Parking Spaces,
Industrial Restricted with grandfathered Mixed Use
Driving Directions
From Frederick: Take I-70W towards Hagerstown, Take exit 35 toward Smithsburg onto MD-66 N, Take the 2nd exit from roundabout onto Mapleville Rd (MD-66), Turn right onto Smithsburg Pike (MD-64), Continue on Anthony Hwy., Continue on E 5th St., Turn right onto S Potomac St.
Financial Considerations
2203000079
$6,428
Listing Price History

Hagerstown Real Estate

Hagerstown is located in Maryland. Hagerstown, Maryland 21740 has a population of 42,224.

The median household income in Hagerstown, Maryland 21740 is $49,781. The median household income for the surrounding county is $62,176 compared to the national median of $66,222. The median age of people living in Hagerstown 21740 is 41 years.

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Courtesy: Turning Point Real Estate
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 6/1/2024 2:41 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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