82 W Washington St - Office FOR SALE


Hagerstown, MD 21740- City Square
$1,500,000 USD
731-307-7905
82 W Washington St, Hagerstown, MD for Sale
$1,500,000 USD
Office - FOR SALE
1/33
null | 7.12% Cap Rate

82 W Washington St
Hagerstown, MD 21740
City Square


HIGHLIGHTS

  • Ample parking- two parking lots
  • Great Investment opportunity

OVERVIEW

Bryan Centre, situated at 82 West Washington Street, comprises a six-story building with a basement and elevator, extending to West Franklin Street and including two parking lots located at 49 and 51 West Franklin Street. The property encompasses tax parcels 2225001672 and 2225009231. This presents a compelling investment opportunity for both investors and owner-users. The building currently maintains a capitalization rate of 7.12% despite the sixth floor being vacant. For an owner-user, occupying the available space offers a unique advantage by effectively eliminating office rental expenses. For investors, there is a clear value-add opportunity to increase Net Operating Income (NOI) by an estimated $30,000 to $40,000 through the lease-up of the currently vacant space.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$75 USD /SF

CAP RATE

7.12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Bryan Centre

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

C3

APN/PARCEL ID

25-000889,25-001672,25-009231

ASK ABOUT THIS PROPERTY

Taylor SmithTaylor PropertiesMore Info
731-307-7905

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Taylor SmithTaylor PropertiesMore Info
731-307-7905

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