521 Washington StHagerstown, MD 21740

For Sale
$500,000

High-Yield Laundromat, Store & Cashing

Overview

Added:
Feb 3
Days on market:
39
This exceptional investment property at 521 W Washington Street, Hagerstown, MD, presents a unique opportunity to acquire a thriving multi-revenue stream business. The 2,222 square foot building sits on a 0.3-acre lot and is currently operating as a fully functional laundromat equipped with 18 washing machines and 17 dryers, generating consistent income. Adding to its profitability, the property also houses a check-cashing business and a convenience store, further diversifying revenue streams. The ample parking accommodates over 15 vehicles, ensuring customer convenience. Recent improvements include a complete plumbing overhaul and a fresh coat of paint throughout the building, minimizing immediate maintenance needs. The seller is offering flexible financing options, making this a highly accessible investment. This turnkey operation requires minimal owner involvement, making it ideal for passive income seekers or experienced investors looking to expand their portfolio. The strong cash flow potential, combined with the multiple income streams and recent upgrades, makes this a truly compelling investment opportunity in a desirable Hagerstown location. The property's size and location offer significant potential for future growth and expansion. Don't miss this chance to acquire a proven, profitable business with significant upside.

Property Details for 521 Washington St

Property type
Retail properties, Other retail properties
Square Feet
2,222 SF
Year Built
1900
Lot Size (sq. ft)
13,068 SF

Location Insight

City
Hagerstown
County
Washington
State
Maryland
Latitude
39.64598
Longitude
-77.72997
521 Washington St, Hagerstown, Maryland

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
521 Washington St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message