

72 W WASHINGTON ST HAGERSTOWN MD 21740-4804
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
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