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$1,076,000
$1,495,000
28.0%For more information regarding the value of a property, please contact us for a free consultation.
55 POTOMAC ST Hagerstown, MD 21740
24,500 SqFt
Key Details
Sold Price $1,076,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 24,500 sqft
Price per Sqft $43
Subdivision None Available
MLS Listing ID 1003740049
Sold Date 10/30/16
HOA Y/N N
Originating Board MRIS
Year Built 1900
Annual Tax Amount $16,468
Tax Year 2015
Property Description
Large multifamily/retail mixed use building FOR SALE! It is currently configured as a 32-unit apartment building with retail space at the street level. Property has strong occupancy and demand. Priced to sell at 9.5% CAP Rate based on actual NOI. Located in the heart of the Arts & Entertainment district a few buildings down from the historic Maryland Theatre and across from the new library.
Location
State MD
County Washington
Zoning CCMU
Interior
Fireplace N
Exterior
Waterfront N
Water Access N
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Bester
Middle Schools E. Russell Hicks School
High Schools South Hagerstown Sr
School District Washington County Public Schools
Others
Tax ID 2203020002
Ownership Fee Simple
Special Listing Condition Standard
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Bought with Taylor Bowen • Berkshire Hathaway HomeServices Bowen Realty