Hagerstown, MD 21740,500-508 SALEM AVE
Hagerstown, MD 21740,500-508 SALEM AVE
Hagerstown, MD 21740,500-508 SALEM AVE
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$675,000
Est. payment /mo
9,165 SqFt
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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 9,165 sqft

Price per Sqft $73

MLS Listing ID MDWA2027270

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $5,235

Tax Year 2024

Lot Size 0.258 Acres

Acres 0.26

Property Sub-Type Five Or More Units

Property Description

Turnkey Investment – Real Estate & Business with On/Off class D Liquor License!

Discover a true value-add investment with Harman's Tavern, a well-established bar accompanied by a Class D Liquor License and income-producing residential and retail units. Spanning nearly 10,000 sq. ft., this mixed-use property offers eight total units, including retail space and spacious apartments – all currently occupied by long-term tenants.

Untapped Income Potential! Rents have remained significantly below market value, as the current owner has never raised them. This presents a prime opportunity for immediate cash flow growth. The units are well-maintained, and with strategic updates, this property could see substantial appreciation.

Whether you're looking to expand your portfolio or capitalize on the established business and rental income, this property is a rare find.

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Location

State MD

County Washington

Zoning RMED

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Heat Source Electric

Exterior

Garage Spaces 3.0

Water Access N

Accessibility None

Total Parking Spaces 3

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Washington County Public Schools

Others

Tax ID 2225009894

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard


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Bright MLS (BMLS)
Listed by Roberto G. Gonzalez • RG Realty, Inc.

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agent

Nick Morgan

+1(301) 910-7407

Realtor® | License ID: 5016502

Realtor® License ID: 5016502

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