Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1920
Sq.Footage
10,400
Stabilized 10-Unit Mixed-Use Investment in a Federally Designated Opportunity Zone, Downtown Hagerstown 101-103 North Potomac Street, Hagerstown, MD 21740 Opportunity Zone location: The property is located in a federally designated Opportunity Zone (Census Tract 24043000400). This 10-unit mixed-use property has 7 commercial retail/office units and 3 residential apartments, giving diversified income in a prime downtown location. It is 100% occupied and produces immediate, stable cash flow. Value-add potential: There may be room to add one more residential or office unit on the second floor, subject to the buyer's due diligence, zoning and permitting. That space needs work, which gives a buyer a clear path to more units and more income. Recent capital improvements: Ownership completed over $75,000 in capital improvements in 2025, including a new roof and three replacement HVAC/AC units. These upgrades materially reduce near-term capital expenditure risk and support the asset's long-term performance. Location: Downtown Hagerstown draws strong demand from both commercial and residential tenants. The property offers visibility, walkability, and easy access to employment centers, government offices, retail and public services. Investment summary: The property combines full occupancy, recent capital improvements, diversified tenancy and value-add upside in an established urban corridor and a federally designated Opportunity Zone. It suits investors looking for a stabilized mixed-use asset with room to grow through unit expansion, selective renovations or rent increases. Buyers should consult their own tax and legal advisors about any Opportunity Zone benefits.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
None, Electric
-
Heating YN
YES
-
Heating
Electric, Baseboard
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.12
-
Lot Size(square feet)
5,200
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$899,000
-
Tax Amount
$6,048
-
Zoning
Zoning: CCMU (City Center Mixed Use), City of Hagerstown, MD The CCMU district covers Hagerstown's downtown core.
-
Sq. Footage
10,400
-
Price/SqFt
$86
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
E. RUSSELL HICKS SCHOOL
-
High School
SOUTH HAGERSTOWN SR
Property Features
-
New Construction
NO
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
WASHINGTON
Elementary School
Middle School
E. RUSSELL HICKS SCHOOL
High School
SOUTH HAGERSTOWN SR
Listing Courtesy of Roberto G. Gonzalez, RG Realty, Inc.
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Salesperson, Realtor
Herschel Miller
Call Herschel today to schedule a private showing.
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