50 Summit Ave - Hospitality FOR SALE


Hagerstown, MD 21740- City Square
$5,750,000 USD
703-501-6403
50 Summit Ave, Hagerstown, MD for Sale
$5,750,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

50 Summit Ave
Hagerstown, MD 21740
City Square


HIGHLIGHTS

  • Historic 8-Story Hotel Building Built in 1915
  • 7 Floors of Hotel Rooms & Suites Plus Ground Floor Retail/Office Space
  • Seller Can Assist with Management Transition for Up to One Year

OVERVIEW

A Stunning Historic Hotel building built in 1915, solid structure over 8 floors and basement build. Ground floor consisting of 7 floors of Hotel Rooms and Suites & 3 Commercial offices / retail outlets on ground floor. Building is Sprinklered on Ground, 6 & 7th floor, with available tap lines to complete other floors. Option to assist with management for up to a year.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$100 USD /SF

# OF ROOMS

83

PRICE/ROOM

$69,277 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Dagmar Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

8

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

CC-MU

APN/PARCEL ID

03-008533

ASK ABOUT THIS PROPERTY

Mahesh KumarCrown HotelMore Info
703-501-6403

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Mahesh KumarCrown HotelMore Info
703-501-6403

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