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$3,386,000

Est. payment - /mo

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33,816 SqFt

Pending

100 FRANKLIN ST W Hagerstown, MD 21740

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Gary Pallay

gary@thepallayteam.com +1(908) 698-1053

UPDATED:

09/13/2024 09:20 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

Square Footage 33,816 sqft

Price per Sqft $100

Subdivision Downtown Hagerstown

MLS Listing ID MDWA2020802

Originating Board BRIGHT

Year Built 1932

Annual Tax Amount $21,450

Tax Year 2023

Lot Size 0.254 Acres

Acres 0.25

Property Description

Partial or 100% owner financing dependent on some conditions and up to $250k for potential remodeling of 2nd floor and 1st floor apt. Building is now priced at $100 / SQFT. The site is improved with 33,816 square feet 4 story brick building. Currently being used as mixed use: As the Parole and Probation Division of Washington County. 16 Residential 1-bedroom units fully rented. 2nd floor commercial, currently vacant which was the original location of the Probation Division. 2nd floor has potential for an additional 8 residential apartments or keep it commercial. Also, has an option to add an additional 2 bed apartment on the first floor. Take a look at the pictures to assess readiness. If you want Cashflow, this is your ideal property. This property is offering a prime location which is strategically located in the Heart of Hagerstown with high traffic area and its close proximity to major highways and transportation hubs, including I-81, I-70 and Hagerstown Regional Airport. The surrounding area offers a dynamic and vibrant community with a great mix of business, restaurants and shops within walking distance. The property's prime location gives you access to one of the fastest growing areas in the Tri-state region (The I-81 corridor), and major investments. (Medical college 2024, Hitachi's new 350 million investment, a new baseball stadium, Amazon Hub and many more other investments. The 2nd floor could be remodeled back to residential or keep it commercial. The options are endless, and best of all, plenty of parking. Additional multiple parking lots available with the sale. Set up your showing today!!

Location

State MD

County Washington

Zoning CCMU

Interior

Hot Water Electric

Heating Forced Air, Heat Pump - Electric BackUp

Cooling Heat Pump(s), Central A/C

Flooring Carpet, Ceramic Tile, Luxury Vinyl Plank

Inclusions 16 refrigerators, 16 stoves, 2 coin operated washer and 2 coin operated dryers and 18 water heaters

Heat Source Electric

Exterior

Garage Spaces 50.0

Utilities Available Multiple Phone Lines, Cable TV, Electric Available, Sewer Available, Water Available

Waterfront N

Water Access N

Roof Type Built-Up,Tar/Gravel

Accessibility 2+ Access Exits, 48\"+ Halls, 32\"+ wide Doors, Elevator, Entry Slope <1'

Parking Type Parking Lot

Total Parking Spaces 50

Garage N

Building

Lot Description Additional Lot(s)

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Eastern

Middle Schools Northern

School District Washington County Public Schools

Others

Tax ID 2225012615

Ownership Fee Simple

SqFt Source Estimated

Security Features Main Entrance Lock,Intercom

Acceptable Financing Cash, Conventional, Exchange, Negotiable

Listing Terms Cash, Conventional, Exchange, Negotiable

Financing Cash,Conventional,Exchange,Negotiable

Special Listing Condition Standard

Listed by Kristin Shetler • Iron Valley Real Estate of Central PA

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Gary Pallay

Sales Associate

+1(908) 698-1053

Gary Pallay

100 FRANKLIN ST W Hagerstown, MD 21740

Gary Pallay

Key Details

Location

Interior

Exterior

Building

Schools

Others

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100 FRANKLIN ST W