29 W Franklin St - Apartments FOR SALE


Hagerstown, MD 21740- City Square
$750,000 USD
301-992-5598
29 W Franklin St, Hagerstown, MD for Sale
$750,000 USD
Apartments - FOR SALE
1/74
null | Request Cap Rate

29 W Franklin St
Hagerstown, MD 21740
City Square


OVERVIEW

Outstanding Investment Opportunity in Downtown Hagerstown! Pride of ownership shows in this extremely well-maintained commercial building, known locally as the Einbinder Building. Offering over 8,600 sq. ft. of usable space across four stories plus a finished basement, this property is perfectly suited for a variety of uses under its CC-MU (City Center Mixed Use) zoning. The building features two main entrances: one leading to a spacious first-floor office suite with multiple private offices and a large conference room, and another providing direct access to six upper-level units with income-producing residential potential on upper floors, also includes a functional fire escape. The finished basement adds additional office space, utility areas, and a walkout to the rear. A rare bonus in the downtown market, the property includes a private rear parking lot with multi-alley access, accommodating 8 vehicles with potential for expansion. Conveniently located just steps from the U.S. Post Office, Hagerstown City Hall, courthouses, Meritus Baseball Stadium, local businesses, and restaurants, with easy access to both I-81 and I-70, this building combines an unbeatable location with flexible functionality. Don’t miss this exceptional chance to invest in the heart of Hagerstown’s growing downtown district!

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$54 USD /SF

# OF UNITS

6

PRICE/UNIT

$125,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

CC-MU

APN/PARCEL ID

25-010159

ASK ABOUT THIS PROPERTY

Toby WantzReal Estate TodayMore Info
301-992-5598

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Toby WantzReal Estate TodayMore Info
301-992-5598

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.