$1,590,000 USD
202-869-1743
535 Summit Ave
Hagerstown, MD 21740
Historic City Park
HIGHLIGHTS
- 25,029 SF Former school building for adaptive re-use in Hagerstown, MD with 2.67 Acres of land and large parking lot with 77 spaces
- Perfect for a daycare or charter school, with minimal renovations to current layout needed to get up and running
- Great central location with Hagerstown City Park across the street, the brand-new minor-league stadium one mile away from Hagerstown Premium Outlets
- Delivered with conceptual plans to convert the building to a high-end boutique hotel with 29 guest rooms, a luxury holistic spa & Restaurant
- Potential supplemental income to help cover carrying costs. Owner in talks to lease the parking lot to the city of Hagerstown for City Park
FOR SALE DETAILS
PRICE
$1,590,000 USD
PRICE/SF
$64 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Schools
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
B
YEAR BUILT
1908
SPRINKLERS
-
PARKING SPACES
77
LAND DETAILS
LAND ACRES
2.67 AC
LAND SF
116,305 SF
ZONING
RMOD
APN/PARCEL ID
03-029735
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202-869-1743
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202-869-1743
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