4,900 Sqft Lot
4,900 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDWA2029678
Year Built 1900
Available Date 2025-07-24
Annual Tax Amount $26,464
Tax Year 2024
Lot Size 4,900 Sqft
Acres 0.11
Property Sub-Type Mixed Use
Source BRIGHT
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
Exterior
Water Access N
Accessibility Elevator
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools South Hagerstown Sr
School District Washington County Public Schools
Others
Tax ID 2203020002
Ownership Fee Simple
Security Features Exterior Cameras,Fire Detection System,Main Entrance Lock,Monitored
Acceptable Financing Cash, Private, Other
Listing Terms Cash, Private, Other
Financing Cash,Private,Other
Special Listing Condition Standard
Nearby Locations
- 8
Paramount Elementary School
Public | KG - 5
- 7
Fountaindale Elementary School
Public | KG - 5
- 6
Potomac Heights Elementary School
Public | KG - 5
- 5
Salem Avenue Elementary School
Public | PK - 5
- 5
Emma K. Doub Elementary School
Public | 1 - 5
- 5
Eastern Elementary School
Public | 3 - 5
- 4
Lincolnshire Elementary School
Public | PK - 5
- 4
Winter Street Elementary School
Public | PK - 5
- 4
Pangborn Elementary School
Public | KG - 5
- 1
Bester Elementary School
Public | PK - 5
- 0
Ebenezer Christian School
Private | KG - 12
- 0
Grace Academy
Private | PK - 12
- 0
Truth Christian Academy
Private | PK - 11
- 0
Marshall Street School
Public | KG - 12
- 0
St Mary Catholic School
Private | PK - 8
- 0
Hagerstown Childrens School
Private | PK - KG
- 0
Funkstown Elementary School
Public | PK - KG
- 0
Ruth Ann Monroe Primary School
Public | PK - 2
- 5
E. Russell Hicks Middle School
Public | 6 - 8
- 5
Western Heights Middle School
Public | 6 - 8
- 5
Northern Middle School
Public | 6 - 8
- 9
Barbara Ingram School for the Arts
Public | 9 - 12
- 8
Washington County Technical High School
Public | 11 - 12
- 5
South Hagerstown High School
Public | 9 - 12
- 5
North Hagerstown High School
Public | 9 - 12
- 0
Washington County Job Development Center
Public | 10 - 12
- 0
St Maria Goretti High School
Private | 9 - 12
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