334 N Potomac St
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334 N Potomac St
4,800 SF Vacant Retail Building Hagerstown, MD 21740 $504,112 CAD ($105 CAD/SF)
Investment Highlights
- Long standing Laundromat business
- Separate Office Space available to rent
- Plenty of parking in rear of building
- Prime Location in City of Hagerstown's Potomac Street
- Lower level features large garage door and over 2,000 sq ft of open space
- City of Hagerstown Business Incentives available
Executive Summary
This versatile commercial property includes a laundromat, a separate storefront/office space, and a lower unit with endless potential. The laundromat comes with all equipment included, making it ideal for continuing the existing business or exploring new opportunities. The lower unit, featuring a garage door, is perfect for storage or could be adapted for additional business use. With ample parking, this property offers a range of possibilities for entrepreneurs and investors alike.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$13,827
|
$2.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$13,827
|
$2.88
|
| Taxes |
$4,923
|
$1.03
|
| Operating Expenses |
$1,728
|
$0.36
|
| Total Expenses |
$6,651
|
$1.39
|
| Net Operating Income |
$7,176
|
$1.49
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $13,827 |
| Annual Per SF | $2.88 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $13,827 |
| Annual Per SF | $2.88 |
| Taxes (CAD) | |
|---|---|
| Annual | $4,923 |
| Annual Per SF | $1.03 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $1,728 |
| Annual Per SF | $0.36 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $6,651 |
| Annual Per SF | $1.39 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $7,176 |
| Annual Per SF | $1.49 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,800 SF
Building Class
C
Year Built
1968
Price
$504,112 CAD
Price Per SF
$105 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.85
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
R4 - A low-density residential zoning district that allows for up to four dwellings per acre
Parking
20 Spaces (4.17 Spaces per 1,000 SF Leased)
Frontage
57 ft on Potomac St
Amenities
- Signage
- Storage Space
Walk Score ®
Very Walkable (83)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 22-010352 | Total Assessment | $251,551 CAD (2024) |
| Land Assessment | $0 CAD (2024) | Annual Taxes | $4,923 CAD ($1.03 CAD/SF) |
| Improvements Assessment | $0 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
22-010352
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$251,551 CAD (2024)
Annual Taxes
$4,923 CAD ($1.03 CAD/SF)
Tax Year
2023
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334 N Potomac St
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