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351 S Potomac St 17,420 SF 100% Leased Office Building Hagerstown, MD 21740 $800,000 ($45.92/SF) 11.69% Cap Rate
Investment Highlights
- Strong income-producing property with impressive returns for investors.
- Excellent location with convenient parking and close proximity to local amenities.
- Opportunity for continued income growth with well-maintained units and commercial lease.
- Two newly renovated, fully leased apartments, offering immediate rental income.
- Long-term commercial tenant with lease options to renew, ensuring stable income.
- Contact listing agent to schedule a tour and discuss details further.
Executive Summary
11% CAP RATE , THIS PROPERTY IS AN INCOME PRODUCER. GREAT LOCATION AND PARKING. BOTH APARTMENTS ARE NEWLY RENOVATED AND FULLY LEASED. POTENTIAL FOR FUTURE INCOME AS WELL. 24 -48 NOTICE TO SHOW, LISTING AGENT WILL ACCOMPANY SHOWINGS! COMMERICAL LEASE WITH OPTIONS TO RENEW WITH A LONG TERM TENANT. CALL FOR DETAILS!
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
17,420 SF
Building Class
B
Year Built
1900
Price
$800,000
Price Per SF
$45.92
Cap Rate
11.69%
NOI
$93,489
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,807 SF
Building FAR
0.35
Lot Size
1.14 AC
Opportunity Zone
Yes
Zoning
IR - Industrial Restricted - Typical light industrial uses are permitted within this zone.
Amenities
- 24 Hour Access
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- GS IMAGING
- Professional, Scientific, and Technical Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| GS IMAGING | Professional, Scientific, and Technical Services | 99,999 SF | - | Lorem Ipsum | - |
1 1
Walk Score®
Very Walkable (76)
Property Taxes
| Parcel Number | 03-000079 | Improvements Assessment | $245,800 |
| Land Assessment | $89,500 | Total Assessment | $335,300 |
Property Taxes
Parcel Number
03-000079
Land Assessment
$89,500
Improvements Assessment
$245,800
Total Assessment
$335,300
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351 S Potomac St
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