West Washington
True value add mixed-use opportunity
Marketing description
Prominent downtown location near the city center. True value-add redevelopment opportunity due to its CCMU zoning, building size, and A&E District positioning. This four-story mixed-use building offers elevator access to all levels and off-street parking, a rare combination in downtown Hagerstown. The property is located within Hagerstown’s Arts & Entertainment District, an area known for ongoing revitalization, public art, festivals, restaurants, and cultural destinations. Buyers may also explore incentive and grant opportunities offered through City programs and A&E District benefits. Building is currently vacant and needs renovation, making it ideal for an investor seeking substantial upside through repositioning. Flexible use potential may include retail, office, residential conversion, or a hybrid live/work concept, subject to approvals.
Investment highlights
Rare Downtown feature, off street parking
Flexible CCMU zoning, supporting a wide range of potential uses including retail, office, residential conversion, or hybrid live/work concepts
True value add mixed-use opportunity in the heart of Downtown Hagerstown.
Located near the city core and within close proximity to restaurants, galleries, cultural venues, and downtown events that drive consistent foot traffic.
High upside potential through renovation, lease up, and possible multi tenant layout, with future NOI growth supported by improving downtown fundamentals.
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