This Retail Property is no longer advertised on LoopNet.com.

725 Potomac Ave
Hagerstown, MD 21740
Retail Property For Sale

Investment Highlights

  • Owner Financing With Deferred Mortgage Payment

Property Facts

Property Type
Retail
Property Subtype
Freestanding
Building Size
3,594 SF
Building Class
C
Year Built
1972
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.27 AC
Zoning
CG - General Commercial
Parking
27 Spaces (7.51 Spaces per 1,000 SF Leased)
Frontage
64’ on Potomac St

About 725 POTOMAC AVE , HAGERSTOWN, MD 21740

OCCUPANCY: This building is fully occupied so the play here is as an investor ONLY (although one may be able to negotiate the use of the space and yard with the current tenant) IMPROVEMENTS: This one-story concrete block 3 bay auto shop constructed in 1972 and containing 3,594 square feet of gross building area has been fully renovated inside and out including all new HVAC, two new bathrooms (one ADA compliant), new lighting, drywall, cement board siding (that will last a lifetime), paint, tiled reception area and bathrooms, roll-up doors and fenced yard and parking lot. Nothing left to do but roll your toolboxes in, hang your sign and start making money! LOCATION: 725 Potomac Avenue is located in the City of Hagerstown in Washington County, Maryland. At the northeastern corner of the City of Hagerstown commercial district, the property is within the Potomac/Broadway Historic District, a short distance southwest along Potomac Avenue. The site offers good exposure, with an annual average daily traffic count of 7,701 along the corridor of Potomac Avenue in front of the property. Surrounding properties are a mix of retail, automotive and residential uses. SITE: 0.274 acre, fronting 108.63' along Potomac Avenue. Asphalt paved parking area for 40+ vehicles. Two curb cuts. Rear loading area. Public water, public sewer, gas, electricity, telephone. Zoning CG - Commercial General - According to the City of Hagerstown zoning webpage, Commercial General zoning "Allows all types of commercial uses, except big box retail (e.g, Dual Highway, Eastern Boulevard, Best Buy shopping center, South End shopping center, Railway Lane, etc.)." FINANCING: This may be the best part of this listing. With the right offer, Owner will definitely consider financing (including the possibility of deferring the mortgage payment until the current Corona related business restrictions are lifted). For more information about Hagerstown zoning, please visit: https://www.hagerstownmd.org/304/Zoning https://www.hagerstownmd.org/639/Mapping

Property Taxes

Property Taxes

Parcel Number
22-005790
Land Assessment
$71,600
Improvements Assessment
$249,300
Total Assessment
$320,900
  • Listing ID: 17596830

  • Date on Market: 10/31/2019

  • Last Updated:

  • Address: 725 Potomac Ave, Hagerstown, MD 21740

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