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Bryan Centre 82 W Washington St 20,000 SF 80% Leased Office Building Hagerstown, MD 21740 $1,500,000 ($75/SF) 7.12% Cap Rate
INVESTMENT HIGHLIGHTS
- Ample parking- two parking lots
- Great Investment opportunity
EXECUTIVE SUMMARY
Bryan Centre, situated at 82 West Washington Street, comprises a six-story building with a basement and elevator, extending to West Franklin Street and including two parking lots located at 49 and 51 West Franklin Street. The property encompasses tax parcels 2225001672 and 2225009231.
This presents a compelling investment opportunity for both investors and owner-users. The building currently maintains a capitalization rate of 7.12% despite the sixth floor being vacant. For an owner-user, occupying the available space offers a unique advantage by effectively eliminating office rental expenses. For investors, there is a clear value-add opportunity to increase Net Operating Income (NOI) by an estimated $30,000 to $40,000 through the lease-up of the currently vacant space.
This presents a compelling investment opportunity for both investors and owner-users. The building currently maintains a capitalization rate of 7.12% despite the sixth floor being vacant. For an owner-user, occupying the available space offers a unique advantage by effectively eliminating office rental expenses. For investors, there is a clear value-add opportunity to increase Net Operating Income (NOI) by an estimated $30,000 to $40,000 through the lease-up of the currently vacant space.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Building Size
20,000 SF
Building Class
B
Year Built
1920
Price
$1,500,000
Price Per SF
$75
Cap Rate
7.12%
NOI
$106,745
Percent Leased
80%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
3,333 SF
Building FAR
2.00
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
C3 - Commercial
AMENITIES
- 24 Hour Access
- Signage
- Air Conditioning
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $435,500 (2025) | |
| Land Assessment | $166,100 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $269,400 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$166,100 (2025)
Improvements Assessment
$269,400 (2025)
Total Assessment
$435,500 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Presented by
Taylor Properties
Bryan Centre | 82 W Washington St
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