530 N Locust St - Office FOR SALE


Hagerstown, MD 21740
$1,300,000 USD
301-346-3664
530 N Locust St, Hagerstown, MD for Sale
$1,300,000 USD
Office - FOR SALE
1/19
null | Request Cap Rate

530 N Locust St
Hagerstown, MD 21740


HIGHLIGHTS

  • Zoned RMED
  • 101 Parking Spaces
  • Includes 3,260 SF metal clad building

OVERVIEW

The site is improved with a 23,880 square foot three story brick building that was originally constructed in 1930 as a school building, previously used by Washington County school district. In addition to the main building, the property also includes a 3,260 square foot metal clad building, also used for classes and storage. The property has several classrooms and training rooms, conferences room, administrative offices and a large staff lounge. The property is well-maintained and shows well! The subject property includes Parcel 750, which is located on N Locust Street in Washington County and includes approximately 1.77 acres of land. The site is entirely fenced with a paved parking area with 101 spaces. The current zoning is "Residential-Medium Density" (RMED). The purpose of is for a more dense development of single-family, two-family, and townhouse neighborhoods between the outer edges and downtown and also in newer development at the outer edges of the city, but is currently used for offices and classrooms, so is presumed non-conforming use.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$54 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

23,800 Square Feet

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,346 SF

ZONING

RMED

APN/PARCEL ID

22-021753

ASK ABOUT THIS PROPERTY

Taylor BowenBerkshire Hathaway | Bowen RealtyMore Info
301-346-3664

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Taylor BowenBerkshire Hathaway | Bowen RealtyMore Info
301-346-3664

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