Log In/Sign Up
Your email has been sent.
Hagerstown Mixed Use: 62 - 64 W Antietam St 62-64 W Antietam St 12 Unit Apartment Building $1,000,000 ($83,333/Unit) 5.74% Cap Rate Hagerstown, MD 21740
Investment Highlights
- Renovated in 2021, the property features 11 1BR/1BA units, 1 2BR/1.5BA unit, and a ground-floor retail suite that provides diversified cash flow.
- Below-market in-place rents provide the ability to capture market-to-market upside as leases roll.
- Hagerstown continues to attract investment in logistics, warehousing, light manufacturing, and last-mile distribution due to its strategic location.
- Currently 77% occupied, the property offers an immediate opportunity to increase net operating income through lease-up & operational stabilization.
- Located at the intersection of Maryland, Pennsylvania, and West Virginia, Hagerstown offers exceptional regional access via 1-81.
- The property is positioned 1 block from Meritus Park, Hagerstown's new AAA baseball stadium, and adjacent to ongoing mixed-use and entertainment.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale an 8,175 SF renovated mixed-use property in the heart of downtown Hagerstown. This asset presents a compelling value-add investment opportunity.
The building underwent substantial renovations in 2021, delivering modernized interiors and improved functionality while still offering meaningful upside through lease-up and rent optimization. Currently just over 86% occupied, investors have the opportunity to increase cash flow through stabilization and marking rents to market.
Strategically located 1 block from the newly constructed AAA baseball stadium and adjacent to ongoing entertainment and mixed-use development, the property is positioned to benefit from continued public investment and downtown revitalization efforts. With mixed-use zoning, proximity to major commuter corridors, and improving occupancy trends, this asset offers both near-term income growth and long-term appreciation potential.
In Cooperation With Sands Investment Group Maryland, LLC - Lic. #5002337 BoR: Tom Gorman - Lic. MD #5002337
The building underwent substantial renovations in 2021, delivering modernized interiors and improved functionality while still offering meaningful upside through lease-up and rent optimization. Currently just over 86% occupied, investors have the opportunity to increase cash flow through stabilization and marking rents to market.
Strategically located 1 block from the newly constructed AAA baseball stadium and adjacent to ongoing entertainment and mixed-use development, the property is positioned to benefit from continued public investment and downtown revitalization efforts. With mixed-use zoning, proximity to major commuter corridors, and improving occupancy trends, this asset offers both near-term income growth and long-term appreciation potential.
In Cooperation With Sands Investment Group Maryland, LLC - Lic. #5002337 BoR: Tom Gorman - Lic. MD #5002337
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Miscellaneous
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $800.00 | 475 |
| 2+1 | 2 | $975.00 | 650 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 03-024881 | Improvements Assessment | $502,000 |
| Land Assessment | $50,000 | Total Assessment | $552,000 |
Property Taxes
Parcel Number
03-024881
Land Assessment
$50,000
Improvements Assessment
$502,000
Total Assessment
$552,000
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
