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351 S Potomac Street

HAGERSTOWN, MD 21740
  • $849,000
  • STATUS: Active
  • ON SITE: 40 Days
  • ID#: MDWA2021172
$849,000
  • 0
    BEDS
  • 1.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1900
County:

School Information

Elementary School:
Middle School:
High School:

Description

Pro forma gross rental income of approximately $100,000: $54,000 from the long term existing anchor tenant (since 1926), $30,000 from the upstairs apartments, $6,000 from the garage leases, and an additional amount from the seller leaseback " to be further defined. Allow this rental income to help pay your mortgage, and add value as you further lease or occupy the space. 17,420 SF building & warehouse, land area 1.135 AC total. Two-story commercial property, storage yard/parking lot, and warehouse. Main building, 14,244 SF: first floor is retail/office, second floor contains two newly renovated two-bedroom units. Corner lot with high visibility. Rare fenced yard and warehouse space. Upside potential for leasing apartments, yard, office, and warehouse. Near the new MD Stadium Authority's Meritus Park, a future site for Atlantic League baseball concerts, festivals, and community events. Long term anchor tenant leases in place, income to help support your purchase! "IR" Industrial Zoning. Full list of improvements and property details after financial qualification. Owner may lease back some space... inquire today!

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Gail Nyman Group | Re/Max United Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-05-26T22:54:59.367.
www.gailnymanhomes.com/homes/149210771
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351 S Potomac Street HAGERSTOWN, MD 21740

  • Price: $849,000
  • Status: Active
  • On Site: 40 Days
  • ID#: MDWA2021172
0
Beds
0
Baths
0
½ Baths
1.14
Acres
1900
Built
County:
Washington
Elementary School:
Bester
Middle School:
E. Russell Hicks School
High School:
South Hagerstown Sr
School District:
Washington County Public Schools
Property Description
Pro forma gross rental income of approximately $100,000: $54,000 from the long term existing anchor tenant (since 1926), $30,000 from the upstairs apartments, $6,000 from the garage leases, and an additional amount from the seller leaseback " to be further defined. Allow this rental income to help pay your mortgage, and add value as you further lease or occupy the space. 17,420 SF building & warehouse, land area 1.135 AC total. Two-story commercial property, storage yard/parking lot, and warehouse. Main building, 14,244 SF: first floor is retail/office, second floor contains two newly renovated two-bedroom units. Corner lot with high visibility. Rare fenced yard and warehouse space. Upside potential for leasing apartments, yard, office, and warehouse. Near the new MD Stadium Authority's Meritus Park, a future site for Atlantic League baseball concerts, festivals, and community events. Long term anchor tenant leases in place, income to help support your purchase! "IR" Industrial Zoning. Full list of improvements and property details after financial qualification. Owner may lease back some space... inquire today!
Exterior Features

Construction Materials Combination Garage YN No Lot Features Rear YardRoad Frontage Parking Types Parking LotPrivate Garage Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 14244.00 Cooling Multi Units Heating Heat Pump(s) Heating YN Yes Net Square Feet 17420.00

Property Features

Accessibility Features Other Central Air YN No Cooling Fuel Electric Cross Street Sycamore Street Gross Income 54000.00 Heating Fuel Other Hot Water Other Lease Considered YN No Municipality Hagerstown Navigable Water YN N New Construction YN No Original MLSNumber 802972470686 Ownership Interest Fee Simple Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 6428.00 Vacation Rental YN No Water Source Public Zoning IR Zoning Description Industrial Restricted with grandfathered Mixed Use for two newly renovated apartments.

Listing courtesy of Turning Point Real Estate: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Gail Nyman Group | Re/Max United Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-05-26T22:54:59.367.
 
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