Hagerstown Core Redevelopment Portfolio — Offered at $9,500,000
Encompassing five contiguous parcels across two zoning districts — CCMU (City Center Mixed Use) and POM (Professional Office Mixed Use) — the portfolio provides a rare combination of density, flexibility, and entitlement readiness. Parcels A & B, zoned CCMU, anchor the pedestrian-focused Town Center core with expanded mixed-use potential, while parcels C–F provide transitional office and residential redevelopment capacity supported by pre-existing water and sewer allocation valued at $3–4M.
The portfolio benefits from a substantial pre-existing water and sewer allocation associated with the former Meritus Hospital site at 251 E. Antietam Street. This allocation—confirmed by the City of Hagerstown Utilities Department— provides sufficient capacity for an estimated 200–250 residential units plus retail and office space, representing an embedded entitlement value of approximately $3.0 - $4.25 Million in development readiness.