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… Read More 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. Read Less
Courtesy of Roberto G. Gonzalez, RG Realty, Inc. 240-203-6393
Listing Snapshot
Days Online
167
Last Updated
Property Type
Commercial
Square Ft.
10,400
Lot Size
0.12 Acres
Year Built
1920
MLS Number
MDWA2034332
Additional Details
Building
Built in 1920, Construction Materials: Brick
Cooling
None
Accessibility Features
None
Heating
Baseboard - Electric
Lot
0.12 acres
Sewer
Public Sewer
Taxes
Annual Amount: $6,048, Year: 2025, Zoning: CCMU
Utilities
Water Source: Public
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