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55 S Potomac Street Hagerstown, MD $ 3,890,000
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$ 3,890,000 Get more info
55 S Potomac Street
$ 3,890,000
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55 S Potomac Street

Hagerstown, MD, 21740
$ 3,890,000
Bedrooms-- Baths-- Sq 24,500

Monthly Estimate*

$ 24,269

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Commercial Property for sale in Hagerstown, MD

for $3,890,000. This 24,500 square foot building was built in 1900 on a lot size of 0.11.

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

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Commercial Active

Price

$ 3,890,000

Property Type

Commercial

Taxes

$ 26,464

Style

Apartment Building,Professional,Restaurant/Bar

Lot Size

0.11

Year Built

1900

Town/City

Hagerstown

County/Region

Washington

MLS | Web ID

MDWA2029678
Features
Interior
Heating Fuel Electric
Hot Water Electric
Heating Y/N Y
Central Air Y/N N
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General
Sewer Public Sewer
Heating Baseboard - Electric
Cooling Multi Units
Possession Settlement
Zoning CCMU
Security Features Exterior Cameras Fire Detection System Main Entrance Lock Monitored
Construction Materials Stone
Year Built 1900
Property Subtype Mixed Use
Tax Year 2024
Ownership Fee Simple
Cool Fuel Electric
Municipality Hagerstown
Business Type Apartment Building Professional Restaurant/Bar
Accessibility Elevator
County WASHINGTON
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions 55 S POTOMAC ST HAGERSTOWN 21740
City HAGERSTOWN
Number Of Units Total 33
Lot Size Units Square Feet
Lot Size Square Feet 4900.00
Tax Annual Amount 26464.0
Price Per Sq Ft Total AG 198.47
Acceptable Financing Cash Private Other
Lease Considered Y/N N
Vacation Rental Y/N N
Location Type Downtown
Standard Status Active
Year Built Source Assessor
Cap Rate 8.40
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Exterior
Water Source Public
Type of Parking On Street
Water View Y/N N
Building Area Total 19600.00
Lot Size Acres 0.11
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 50000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 55
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* Excluded Features
List By
Mr. Lister Realty

Broker

matt.hilldoerfer@gmail.com

Email

Affordability Calculator

$26,474
Per Month
92%
8%
0%
Monthly Principal & Interest
$24,269
Monthly Property Taxes
$2,205
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/29/2025$3,890,000 -1.52% Price Down
7/1/2025$3,950,000 Listed Price

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55 S Potomac Street, Hagerstown, MD, 21740 is a Commercial Property for sale at $3,890,000 with 24,500 sqft and a lot size of 0.11. 55 S Potomac Street was built in 1900. The property's zip code is 21740 which is in Hagerstown, MD

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