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Dagmar Hotel 50 Summit Ave 83 Room Hotel Hagerstown, MD 21740 $5,750,000 ($69,277/Room)
Investment Highlights
- Historic 8-Story Hotel Building Built in 1915
- Seller Can Assist with Management Transition for Up to One Year
- 7 Floors of Hotel Rooms & Suites Plus Ground Floor Retail/Office Space
Executive Summary
A Stunning Historic Hotel building built in 1915, solid structure over 8 floors and basement build.
Ground floor consisting of 7 floors of Hotel Rooms and Suites & 3 Commercial offices / retail outlets on ground floor.
Building is Sprinklered on Ground, 6 & 7th floor, with available tap lines to complete other floors.
Option to assist with management for up to a year.
Ground floor consisting of 7 floors of Hotel Rooms and Suites & 3 Commercial offices / retail outlets on ground floor.
Building is Sprinklered on Ground, 6 & 7th floor, with available tap lines to complete other floors.
Option to assist with management for up to a year.
Property Facts
| Price | $5,750,000 | Building Size | 57,680 SF |
| Price Per Room | $69,277 | No. Rooms | 83 |
| Sale Type | Investment or Owner User | No. Stories | 8 |
| Property Type | Hospitality | Year Built/Renovated | 1915/2026 |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | CC-MU - CC-MU Overview: Mixed-Use Districts - Hagerstown The purposes of the mixed-use districts are as follows: a. CC-MU (City Center - Mixed Use) | ||
| Price | $5,750,000 |
| Price Per Room | $69,277 |
| Sale Type | Investment or Owner User |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Building Size | 57,680 SF |
| No. Rooms | 83 |
| No. Stories | 8 |
| Year Built/Renovated | 1915/2026 |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | CC-MU - CC-MU Overview: Mixed-Use Districts - Hagerstown The purposes of the mixed-use districts are as follows: a. CC-MU (City Center - Mixed Use) |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 83 | $105.00 | - |
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 03-008533 | Improvements Assessment | $1,119,300 |
| Land Assessment | $50,500 | Total Assessment | $1,169,800 |
Property Taxes
Parcel Number
03-008533
Land Assessment
$50,500
Improvements Assessment
$1,119,300
Total Assessment
$1,169,800
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Dagmar Hotel | 50 Summit Ave