Seller Financing
Address
100 Franklin Street W, Hagerstown, MD
Price
$ 3,386,000
Property Attributes
- MLS#MDWA2020802
- TypeCommercial
- CountyWASHINGTON
- CityHagerstown
- NeighborhoodDowntown Hagerstown
- Zip21740
- StyleApartment Building,Professional,Institutional
- Year Built1932
- Taxes$ 21450
- Price$ 3,386,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage33816
- Lot Size10,890 SqFt
Data Source:
Bright MLS
Property Description
Partial or 100% owner financing dependent on some conditions and up to $250k for potential remodeling of 2nd floor and 1st floor apt. Building is now priced at $100 / SQFT. The site is improved with 33,816 square feet 4 story brick building. Currently being used as mixed use: As the Parole and Probation Division of Washington County. 16 Residential 1-bedroom units fully rented. 2nd floor commercial, currently vacant which was the original location of the Probation Division. 2nd floor has potential for an additional 8 residential apartments or keep it commercial. Also, has an option to add an additional 2 bed apartment on the first floor. Take a look at the pictures to assess readiness. If you want Cashflow, this is your ideal property. This property is offering a prime location which is strategically located in the Heart of Hagerstown with high traffic area and its close proximity to major highways and transportation hubs, including I-81, I-70 and Hagerstown Regional Airport. The surrounding area offers a dynamic and vibrant community with a great mix of business, restaurants and shops within walking distance. The property's prime location gives you access to one of the fastest growing areas in the Tri-state region (The I-81 corridor), and major investments. (Medical college 2024, Hitachi's new 350 million investment, a new baseball stadium, Amazon Hub and many more other investments. The 2nd floor could be remodeled back to residential or keep it commercial. The options are endless, and best of all, plenty of parking. Additional multiple parking lots available with the sale. Set up your showing today!!
| Price History | |
|---|---|
| 3/19/2024 | Listed $3,386,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air,Heat Pump - Electric BackUp |
| Cooling | Heat Pump(s),Central A/C |
| Utilities | Multiple Phone Lines,Cable TV,Electric Available,Sewer Available,Water Available |
| Possession | Settlement |
| Roof | Built-Up,Tar/Gravel |
| Zoning | CCMU |
| Security Features | Main Entrance Lock,Intercom |
| Construction Materials | Brick,Brick Front,Glass |
| Year Built | 1932 |
| Electric | 3 Phases |
| Property SubType | Mixed Use |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Apartment Building,Professional,Institutional,Other |
| Accessibility | 2+ Access Exits,48 + Halls,32 + wide Doors,Elevator,Entry Slope |
| County | WASHINGTON |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | DOWNTOWN HAGERSTOWN |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | 81 south to exit 6 A (40 east) to Hagerstown and take a left on Jonathan st and stop when you arrive at 100 w Franklin st |
| ModificationTimestamp | 2024-03-19T13:19:17 |
| City | HAGERSTOWN |
| Buyer Agent Compensation | 2 |
| Disclosures | Lead Inspection Certificate Available,Prop Disclosure,Prop Disclaimer,Rental Permits |
| Zoning Description | Mix use property,first two floors are commercial,and 3rd and 4th floors are residential.. |
| Lot Size Square Feet | 11064.00 |
| Tax Assessed Value | 915600.0 |
| Waterfront Y/N | No |
| Street Name | FRANKLIN |
| Tax Annual Amount | 21450.0 |
| Price Per Sq Ft | 100.13 |
| Acceptable Financing | Cash,Conventional,Exchange,Negotiable |
| Historic Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 44 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Flooring | Carpet,Ceramic Tile,Luxury Vinyl Plank |
| Hot Water | Electric |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
Exterior Features
| Parking Features | Handicap Parking |
|---|---|
| Lot Features | Additional Lot(s) |
| Water Source | Public |
| Inclusions | 16 refrigerators,16 stoves,2 coin operated washer and 2 coin operated dryers and 18 water heaters |
| Total Parking Spaces | 50 |
| Type of Parking | Parking Lot |
| Water View Y/N | No |
| Building Area Total | 33816.00 |
| Lot Size Acres | 0.25 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Car Parking Spaces | 50 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 21740
Price
Taxes
Visits
Year Built
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