82 W Washington St, Hagerstown, MD 21740 For Sale

The Bryan Centre: Historic Landmark Meets Modern Performance SVN | Call Sign Capital LLC is pleased to present The Bryan Centre, a landmark six-story professional office building located at 82 West Washington Street. Representing a rare convergence of 1920s architectural prestige and 21st-century infrastructure, this 23,015 SF asset stands as a cornerstone of the Hagerstown professional district. The Opportunity Offered at $1,500,000, The Bryan Centre provides investors with a stabilized 7.12% Day-1 Cap Rate and a sophisticated value-add trajectory. Currently generating $14,203 in monthly recurring revenue, the property features a significant "lease-up" window on the Lower Level and floors 3, 5, and 6. Upon stabilization, the pro-forma monthly revenue is projected to reach $22,408, offering a clear path to double-digit yields. Sophisticated Infrastructure Unlike many historic assets, The Bryan Centre has undergone extensive modernization to eliminate deferred maintenance and reduce OpEx: Power & Connectivity: A massive 1,200-amp main electrical overhaul and dual-provider multi gigabit fiber (Antietam and Point Broadband) ensure the building meets the demands of high-tech and medical tenants. Efficiency: Building-wide LED lighting upgrades provide an estimated 70% reduction in lighting costs, while a modernized high-efficiency steam boiler secures the building’s core climate systems. Modern Aesthetics: Recent high-end renovations to the 3rd and 4th floors—featuring contemporary LVP flooring and updated layouts—set a high standard for future tenant improvements. Unbeatable Logistics Strategically situated with dual frontage extending through to West Franklin Street, the property includes two private parking lots—a premium scarcity in downtown Hagerstown. This amenity, combined with a 7-year anchor lease and a daytime population of nearly 8,000 within a one-mile radius, ensures long-term tenant retention and asset appreciation. The Bryan Centre is more than an office building; it is a stabilized investment with the mechanical backbone and local presence to dominate the Hagerstown professional market for decades to come.