Education, Office and Dorm Buildings FOR SALE


$3,800,000 USD
301-346-3664
, Hagerstown, MD for Sale
$3,800,000 USD
FOR SALE
1/30
null | Request Cap Rate

Education, Office and Dorm Buildings
Hagerstown, MD
Outer Robinwood/Paramnt/Fountain Head


HIGHLIGHTS

  • Dorm/Apartment Building
  • Admin/Classroom Building
  • Training/Office Building

OVERVIEW

HUGE PRICE REDUCTION!! Motivated Seller!! Attractive, below-market seller-financing available to qualified buyer! This 7.28 acre campus boasts a dormitory/apartment building and two larger office/education buildings, making it an ideal investment for institutions seeking a turnkey solution or investors looking to capitalize on the growing demand for quality educational facilities. The 13,900 square foot training/office building is currently leased as an office for a three year period with an option of two additional years. The admin/classroom building is 25,688 square feet and was most recently operating as a high school having completed a seven figure renovation in 2021. Finally, the dormitory/apartment building was most recently used for student housing with more typical dorm style units. The unit mix is one one bedroom, one bathroom unit and eight three bedroom, one bathroom units. With some renovations, these could be converted into more traditional apartments with an expected monthly rent exceeding $10,000. The one bedroom unit has already been renovated. We recently executed a non-binding LOI for a prospective tenant for the remaining two buildings with confirmation of lease in Spring 2025.

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.