36-40 N Potomac St
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36-40 N Potomac St
26,760 SF 100% Leased Retail Building Hagerstown, MD 21740 $1,300,403 CAD ($49 CAD/SF) 7.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Leased Great Paying Tenants
- 12 Parking spaces in rear included
- Good Excellent, updated
EXECUTIVE SUMMARY
PRIME DOWNTOWN LOCATION! COMMERCIAL BUILDING FOR SALE! 4 Updated residential apartments, 2 commercial spaces ALL FULLY RENTED. Tenants all pay on time. Brand new A/C unit. Very Good Condition, 12 parking spaces in rear of building which connects to city parking. See attached document for income/expense details.
Call Alice to schedule a tour.
Call Alice to schedule a tour.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
26,760 SF
Building Class
C
Year Built
1900
Price
$1,300,403 CAD
Price Per SF
$49 CAD
Cap Rate
7.65%
NOI
$99,481 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.67
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
C3 - C3 zoning is often associated with general commercial or heavy commercial use, allowing for a wide range of business activities.
Parking
4 Spaces (0.5 Spaces per 1,000 SF Leased)
Frontage
36 ft on Potomac St
AMENITIES
- 24 Hour Access
- Air Conditioning
Walk Score®
Walker's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 22-005804 | Total Assessment | $302,096 CAD (2024) |
| Land Assessment | $70,915 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $231,181 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
22-005804
Land Assessment
$70,915 CAD (2024)
Improvements Assessment
$231,181 CAD (2024)
Total Assessment
$302,096 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
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36-40 N Potomac St
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