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Listed by Roberto Gonzalez • RG Realty, Inc.
$925,000
Est. payment /mo
5,200 Sqft Lot
Active
101 POTOMAC ST Hagerstown, MD 21740
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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDWA2034332
Year Built 1920
Annual Tax Amount $6,048
Tax Year 2025
Lot Size 5,200 Sqft
Acres 0.12
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Stabilized 10-Unit Mixed-Use Investment with Value-Add Upside in Downtown Hagerstown
Located at 101–103 North Potomac Street, Hagerstown, MD 21740, this 10-unit mixed-use property consists of 7 commercial retail/office units and 3 residential apartments, providing diversified income in a prime downtown location. The property is 100% occupied, delivering immediate and stable cash flow.
In addition to the existing unit mix, there is potential to add an additional residential or office unit on the second floor, subject to buyer's due diligence, zoning, and permitting. This area requires work, creating a clear value-add opportunity to increase unit count and future income.
Ownership completed over $75,000 in capital improvements in 2025, including the installation of a new roof and the replacement of three HVAC/AC units. These significant upgrades materially reduce near-term capital expenditure risk and enhance the long-term performance of the asset.
The downtown Hagerstown location supports strong demand for both commercial and residential tenants due to visibility, walkability, and proximity to employment centers, government offices, retail, and public services. This asset is well suited for investors seeking a stabilized mixed-use property with upside through unit expansion, selective renovations, or rent growth.
Overall, the property represents a compelling opportunity combining full occupancy, recent capital improvements, diversified tenancy, and additional value-add potential in an established urban corridor.
Located at 101–103 North Potomac Street, Hagerstown, MD 21740, this 10-unit mixed-use property consists of 7 commercial retail/office units and 3 residential apartments, providing diversified income in a prime downtown location. The property is 100% occupied, delivering immediate and stable cash flow.
In addition to the existing unit mix, there is potential to add an additional residential or office unit on the second floor, subject to buyer's due diligence, zoning, and permitting. This area requires work, creating a clear value-add opportunity to increase unit count and future income.
Ownership completed over $75,000 in capital improvements in 2025, including the installation of a new roof and the replacement of three HVAC/AC units. These significant upgrades materially reduce near-term capital expenditure risk and enhance the long-term performance of the asset.
The downtown Hagerstown location supports strong demand for both commercial and residential tenants due to visibility, walkability, and proximity to employment centers, government offices, retail, and public services. This asset is well suited for investors seeking a stabilized mixed-use property with upside through unit expansion, selective renovations, or rent growth.
Overall, the property represents a compelling opportunity combining full occupancy, recent capital improvements, diversified tenancy, and additional value-add potential in an established urban corridor.
Location
State MD
County Washington
Zoning CCMU
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Middle Schools E. Russell Hicks School
High Schools South Hagerstown Sr
School District Washington County Public Schools
Others
Tax ID 2225015592
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS