55 S POTOMAC ST Hagerstown, MD 21740
4,900 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Lot Size 4,900 Sqft
MLS Listing ID MDWA2029678
Financing Cash,Private,Other
Total Units 33
Short Sale No
Originating MLS BRIGHT
Available Date 2025-07-24
Property Description
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
Location
State MD
County Washington
Zoning CCMU
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Multi Units
Heat Source Electric
1-purchase type For Sale
Exterior
Waterfront N
Water Access N
Accessibility Elevator
Parking Type On Street
Building
New Construction N
Sewer Public Sewer
Water Public
Schools
High Schools South Hagerstown Sr
School District Washington County Public Schools
Others
Tax Amount $26,464
Tax Year 2024
Tax ID 2203020002
Ownership Fee Simple
Security Features Exterior Cameras,Fire Detection System,Main Entrance Lock,Monitored
Acceptable Financing Cash, Private, Other
Special Sale Standard
Broker Associate | jhy1aaaaaaaaaaaaaaaa 244410410
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