200-202 E FRANKLIN ST new to site Save Request In-Person Tour Request Virtual Tour
Hagerstown,MD 21740
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision None Available
MLS Listing ID MDWA2032520
Year Built 1885
Available Date 2025-11-03
Annual Tax Amount $4,779
Tax Year 2025
Lot Size 2,613 Sqft
Property Sub-Type Five Or More Units
Property Description
Prime Downtown Mixed-Use Investment
Exceptional opportunity to own a fully occupied mixed-use property in the heart of Downtown Hagerstown! This well-maintained brick building features a street-level restaurant and four fully leased residential apartments above, generating $4,000 per month in rental income. Tenants pay all utilities, providing a low-expense, high-yield investment.
Located just steps from the Arts & Entertainment District, restaurants, breweries, and the Maryland Theatre, this property sits in the path of downtown revitalization and ongoing city investment. Tenants enjoy convenient access to public parking, nearby retail, and public transportation.
Highlights:
Fully occupied mixed-use property bringing in $4,000/month
Ground-floor restaurant space with private ownership
Four residential apartments on upper levels
Separate utilities – tenants pay all
Excellent visibility and foot traffic in revitalized downtown corridor
Turnkey income producer – stable tenants and strong returns
Perfect for investors seeking a cash-flowing property in a growing downtown market with continued upside potential.
Location
State MD
County Washington
Zoning CCMU
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Other
Exterior
Utilities Available Cable TV Available,Multiple Phone Lines
Water Access N
Building
Foundation Permanent
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Washington County Public Schools
Others
Special Listing Condition Standard