200 E Franklin Street Hagerstown, MD $ 515,000
200 E Franklin Street
$ 515,000
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200 E Franklin Street

Hagerstown, MD, 21740
$ 515,000
Bedrooms-- Baths-- Sq 3,684

Monthly Estimate*

$ 3,213

200 E Franklin Street, Hagerstown, MD 21740 - Image 1
200 E Franklin Street, Hagerstown, MD 21740 - Image 2
200 E Franklin Street, Hagerstown, MD 21740 - Image 3
200 E Franklin Street, Hagerstown, MD 21740 - Image 4
200 E Franklin Street, Hagerstown, MD 21740 - Image 5
200 E Franklin Street, Hagerstown, MD 21740 - Image 6

Commercial Property for sale in Hagerstown, MD

for $515,000. This 3,684 square foot building was built in 1885 on a lot size of 0.06.

Prime Downtown Mixed-Use Investment Exceptional opportunity to own a fully occupied mixed-use property in the heart of Downtown Hagerstown! This well-maintained brick building features a street-level restaurant and four fully leased residential apartments above, generating $4,000 per month in rental income. Tenants pay all utilities, providing a low-expense, high-yield investment. Located just steps from the Arts & Entertainment District, restaurants, breweries, and the Maryland Theatre, this property sits in the path of downtown revitalization and ongoing city investment. Tenants enjoy convenient access to public parking, nearby retail, and public transportation. Highlights: Fully occupied mixed-use property bringing in $4,000/month Ground-floor restaurant space with private ownership Four residential apartments on upper levels Separate utilities tenants pay all Excellent visibility and foot traffic in revitalized downtown corridor Turnkey income producer stable tenants and strong returns Perfect for investors seeking a cash-flowing property in a growing downtown market with continued upside potential.

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Commercial Active

Price

$ 515,000

Property Type

Commercial

Taxes

$ 4,779

Style

Apartment Building,Restaurant/Bar

Lot Size

0.06

Year Built

1885

Town/City

Hagerstown

County/Region

Washington

MLS | Web ID

MDWA2032520

Features
Interior
Heating Fuel Electric
Hot Water Electric
Total Stories 1
Heating Y/N Y
Central Air Y/N N
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General
Sewer Public Sewer
Heating Baseboard - Electric
Cooling Other
Utilities Cable TV Available Multiple Phone Lines
Possession Immediate
Zoning CCMU
Security Features Fire Detection System
Construction Materials Brick
Year Built 1885
Electric Other
Property Subtype Five Or More Units
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality Hagerstown
Business Type Apartment Building Restaurant/Bar
Accessibility None
County WASHINGTON
New Construction N
Property Type Commercial Sale
Subdivision Name NONE AVAILABLE
Water Access Y/N N
Status ACTIVE
Directions GPS
City HAGERSTOWN
Disclosures None
Lot Size Units Square Feet
Lot Size Square Feet 2613.60
Tax Annual Amount 4779.0
Price Per Sq Ft Total AG 139.79
Vacation Rental Y/N N
Location Type Corner Lot/Unit
Standard Status Active
Year Built Source Assessor
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Exterior
Water Source Public
Type of Parking On Street
Foundation Details Permanent
Water View Y/N N
Building Area Total 3684.00
Lot Size Acres 0.06
Lot Size Source Estimated
Waterfront Y/N N
Road Responsibility City/County
Land Assessed Value 40000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 200
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* Excluded Features
List By
Rg Realty, Inc.

Broker

krystal@rgrealtyinc.com

Email

Affordability Calculator

$3,611
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,213
Monthly Property Taxes
$398
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
Pricing History
DatePricePrice ChangeDescription
10/31/2025$515,000 Listed Price

Map


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200 E Franklin Street, Hagerstown, MD, 21740 is a Commercial Property for sale at $515,000 with 3,684 sqft and a lot size of 0.06. 200 E Franklin Street was built in 1885. The property's zip code is 21740 which is in Hagerstown, MD