62-64 W Antietam St - Apartments FOR SALE


Hagerstown, MD 21740- City Square
$1,000,000 USD
202-769-0716
62-64 W Antietam St, Hagerstown, MD for Sale
$1,000,000 USD
Apartments - FOR SALE
1/3
null | 5.74% Cap Rate

62-64 W Antietam St
Hagerstown, MD 21740
City Square


HIGHLIGHTS

  • Renovated in 2021, the property features 11 1BR/1BA units, 1 2BR/1.5BA unit, and a ground-floor retail suite that provides diversified cash flow.
  • Currently 77% occupied, the property offers an immediate opportunity to increase net operating income through lease-up & operational stabilization.
  • Below-market in-place rents provide the ability to capture market-to-market upside as leases roll.
  • Located at the intersection of Maryland, Pennsylvania, and West Virginia, Hagerstown offers exceptional regional access via 1-81.
  • Hagerstown continues to attract investment in logistics, warehousing, light manufacturing, and last-mile distribution due to its strategic location.
  • The property is positioned 1 block from Meritus Park, Hagerstown's new AAA baseball stadium, and adjacent to ongoing mixed-use and entertainment.

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale an 8,175 SF renovated mixed-use property in the heart of downtown Hagerstown. This asset presents a compelling value-add investment opportunity. The building underwent substantial renovations in 2021, delivering modernized interiors and improved functionality while still offering meaningful upside through lease-up and rent optimization. Currently just over 86% occupied, investors have the opportunity to increase cash flow through stabilization and marking rents to market. Strategically located 1 block from the newly constructed AAA baseball stadium and adjacent to ongoing entertainment and mixed-use development, the property is positioned to benefit from continued public investment and downtown revitalization efforts. With mixed-use zoning, proximity to major commuter corridors, and improving occupancy trends, this asset offers both near-term income growth and long-term appreciation potential. In Cooperation With Sands Investment Group Maryland, LLC - Lic. #5002337 BoR: Tom Gorman - Lic. MD #5002337

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$122 USD /SF

# OF UNITS

12

PRICE/UNIT

$83,333

CAP RATE

5.74%

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hagerstown Mixed Use: 62 - 64 W Antietam St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

C3

APN/PARCEL ID

03-024881

ASK ABOUT THIS PROPERTY

Brent CollierSands Investment GroupMore Info
202-769-0716

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Brent CollierSands Investment GroupMore Info
202-769-0716

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