REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Toby W Wantz • Real Estate Today
$ 695,000
Est. payment /mo
Price Dropped by $55K
29-31 W FRANKLIN ST Hagerstown, MD 21740
6,280 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDWA2031798
Year Built 1900
Annual Tax Amount $10,257
Tax Year 2024
Lot Size 6,280 Sqft
Acres 0.14
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
The first floor is currently owner-occupied and utilized as professional office space. The owner is willing to lease back the first-floor space for a period of 3–6 months following settlement. The six upper-level units have historically been used as professional office space and are currently vacant. Conversion of the upper levels back to residential use will require installation of a sprinkler system. Due to the long-term professional use and occupancy by practicing partners, there is no existing residential rent roll available. The six apartment units are in excellent condition and are considered rent-ready. Outstanding Investment Opportunity in Downtown Hagerstown! Pride of ownership shows in this extremely well-maintained commercial building inside and out, known locally as the Einbinder Building. Offering over 8,600 sq. ft. of usable space across four stories plus a finished basement, this property is perfectly suited for a variety of uses under its CC-MU (City Center Mixed Use) zoning. The building features two main entrances: one leading to a spacious first-floor office suite with multiple private offices and a large conference room, and another providing direct access to six upper-level units with income-producing residential potential on upper floors, also includes a functional fire escape. The finished basement adds additional office space, utility areas, and a walkout to the rear parking lot. A rare bonus in the downtown market, the property includes a private rear parking lot with multi-alley access, accommodating 8 vehicles with potential for expansion. Conveniently located just steps from the U.S. Post Office, Hagerstown City Hall, courthouses, Meritus Baseball Stadium, local businesses, and restaurants, with easy access to both I-81 and I-70, this building combines an unbeatable location with flexible functionality. Don't miss this exceptional chance to invest in the heart of Hagerstown's growing downtown district!
Location
State MD
County Washington
Zoning CCMU
Interior
Hot Water Natural Gas
Heating Hot Water, Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 8.0
Water Access N
Accessibility None
Total Parking Spaces 8
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Washington County Public Schools
Others
Tax ID 2225010159
Ownership Fee Simple
Special Listing Condition Standard
GET MORE INFORMATION