www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32754247
32754242

72 W WASHINGTON ST, HAGERSTOWN, MD 21740-4804

RG
MD 598229
RG Realty Inc
Listed by RG Realty Inc
$2,490,000
20 days on market
Updated 20 days ago
Opportunity zone

72 W WASHINGTON ST HAGERSTOWN MD 21740-4804

Details
APN 2225020669
Property Type Mixed Use
Square Footage 29,720
Units 2
Tenancy Vacant
Year Built 1920
Buildings 1
Stories 7
Lot Size (SqFt) 9,668
Zoning CCMU
Ground Lease No
Ownership Fee Simple

Historic Downtown Redevelopment Opportunity | 42-Unit Residential Conversion Concept

Marketing description

RG Realty is pleased to present 72 W Washington Street, Hagerstown, Maryland, a rare downtown redevelopment opportunity in the heart of the City Center corridor. Historically known as the Earles Building, this prominent seven-story commercial asset offers scale, visibility, and strong adaptive reuse potential for an investor, developer, or mixed-use repositioning buyer.

The property is situated on approximately 0.23 acres with CCMU zoning and benefits from strong frontage along West Washington Street within walking distance of downtown dining, arts, civic uses, and continued reinvestment activity. Publicly available building area references vary from approximately 29,720 SF to 34,720 SF, and buyers should independently verify final square footage.

Seller-furnished redevelopment drawings depict a 42-unit residential conversion concept, including 26 one-bedroom units and 16 two-bedroom units, with lower-level and first-floor business, fitness, and storage components. The plans also contemplate elevator modernization, circulation improvements, and historic exterior rehabilitation consistent with an adaptive reuse strategy.

Offered at Two Million Four Hundred Ninety Thousand Dollars ($2,490,000), the property presents a compelling opportunity for qualified investors and developers seeking a substantial redevelopment project in Downtown Hagerstown. Buyers should verify zoning, plan status, approvals, building area, incentives, and all redevelopment feasibility during due diligence.

Investment highlights

Historic seven-story downtown asset with strong identity and West Washington Street presence

Asking Price: $2,490,000

Approx. 0.23-acre site in Hagerstown’s City Center corridor

CCMU zoning, supporting flexible mixed-use and redevelopment positioning, subject to verification

Seller-furnished 42-unit residential conversion concept

Proposed unit mix of 26 one-bedroom units and 16 two-bedroom units

Lower-level and first-floor plans include business, fitness, and storage areas

Potential adaptive reuse opportunity for multifamily, mixed-use, office, creative reuse, or other redevelopment strategies

Located near downtown dining, arts, civic uses, and ongoing reinvestment activity

Potential relevance of downtown redevelopment incentives, subject to eligibility and confirmation with the City of Hagerstown

Listing Contacts

RG
MD 598229
RG Realty Inc
Listed by RG Realty Inc

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591