824 Pennsylvania AveHagerstown, MD 21742

For Sale
Call for price

Prime location, high occupancy, value-add potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 2,100 square foot retail and mixed-use property located at 824 Pennsylvania Avenue in Hagerstown, Maryland. Currently operating as a laundromat and wash-and-fold business, this single-story building sits on a 0.26-acre lot and boasts a 95% occupancy rate, demonstrating strong existing income potential. The property is zoned Commercial General, offering flexibility for a variety of uses and expansion opportunities. The existing business presents a value-add opportunity for a new owner to increase operating days and hours, maximizing revenue streams. There is also the potential to lease additional retail space within the building, further enhancing profitability. The property's prime location in Hagerstown, Maryland, within Washington County, zip code 21742, ensures high visibility and accessibility to a substantial customer base. This is an ideal acquisition for investors seeking a stable, income-generating asset with significant upside potential. The property's strong performance and flexible zoning make it a compelling investment in a thriving Maryland market. Serious inquiries are encouraged to explore the full potential of this remarkable opportunity.

Highlights

  • Currently operating laundromat/wash-and-fold business.
  • 2,100 square foot building.
  • Single-story building.
  • 0.26-acre lot.
  • Commercial General zoning.

Property Details for 824 Pennsylvania Ave

Property type
Other retail properties, Other mixed-use properties
Square Feet
2,100 SF
Stories
1
Lot Size (sq. ft)
11,326 SF

Location Insight

City
Hagerstown
County
Washington
State
Maryland
Latitude
39.6545438
Longitude
-77.7176715
824 Pennsylvania Ave, Hagerstown, Maryland

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824 Pennsylvania Ave
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