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122 N Potomac St
Hagerstown, MD 21740

Washington County Social Services Building · Office Property For Sale

Office Space Maryland Hagerstown 122 N Potomac St, Hagerstown, MD 21740

Investment Highlights

  • The current tenant has a lease that lasts until 2033.

Executive Summary

Scheer Partners, as the exclusive representative to the Seller, is pleased to present a rare
opportunity to acquire the fee simple interest in 122 N. Potomac Street (the “Property”),
located in Hagerstown, Maryland.
Premium Yield on AAA-Rated Tenancy, 10-Year Lease
The Washington County Social Services Building is 100% leased by the State of Maryland
Department of Human Services which has an S&P bond rating of AAA. The State of Maryland agency
has a 33-year occupancy history at the property and a new 10-year term through 2033.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
53,705 SF
Building Class
B
Year Built/Renovated
1930/1991
Price
$7,963,200 CAD
Price Per SF
$148 CAD
Cap Rate
8%
NOI
$637,056 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
14,093 SF
Building FAR
1.87
Lot Size
0.66 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C3
Parking
28 Spaces (1 Space per 1,000 SF Leased)

PROPERTY TAXES

Parcel Number 22-012401 Improvements Assessment $4,960,513 CAD
Land Assessment $292,953 CAD Total Assessment $5,253,466 CAD

PROPERTY TAXES

Parcel Number
22-012401
Land Assessment
$292,953 CAD
Improvements Assessment
$4,960,513 CAD
Total Assessment
$5,253,466 CAD
 

  • Listing ID: 28630099

  • Date on Market: 2023-06-01

  • Last Updated:

  • Address: 122 N Potomac St, Hagerstown, MD 21740

The Office Property at 122 N Potomac St, Hagerstown, MD 21740 is currently available for sale. Contact Scheer Partners for more information.

Office PROPERTIES IN NEARBY NEIGHBORHOODS

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