Share This Listing

Message

957 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

28-30 W Washington St 12,390 SF 75% Leased Office Building Hagerstown, MD 21740 $1,207,471 CAD ($97.46 CAD/SF) 10.54% Cap Rate

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Elevator access and front/rear staircases
  • Located next to the University of Maryland Hagerstown campus
  • Walk Score of 91 – a true walker’s paradise
  • Just one block from the new multi-use stadium and three public parking decks

EXECUTIVE SUMMARY

Located in the heart of downtown Hagerstown, the City Square Office Building at 28–30 W Washington Street offers a prime investment opportunity in a revitalized urban corridor. This Class C, four-story office building spans 12,390 square feet on a 0.09-acre lot, and was originally built in 1900 with a full renovation completed in 2019.

FINANCIAL SUMMARY (ACTUAL - 2022) 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 - 2022) 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
Office
Building Size
12,390 SF
Building Class
C
Year Built/Renovated
1900/2019
Price
$1,207,471 CAD
Price Per SF
$97.46 CAD
Cap Rate
10.54%
NOI
$127,287 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
3,320 SF
Building FAR
3.16
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
CCMU - City Center Mixed Use

AMENITIES

  • Smoke Detector

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 2nd Floor
  • 3,320 SF
  • Office
  • Full Build-Out
  • 30 Days

Large 3320 SF office on second floor in downtown Hagerstown, next to the University of Maryland of Hagerstown. Unit has elevator as well as front and rear staircase. Gross Rent; includes water, sewer, trash, CAM, insurance, HVAC & Elevator Maintenance. Just a block away from new downtown Multi Use Facility/Stadium and parking deck just out the back door and new parking deck less than a block away with a 3rd parking deck a block and half away.

Space Size Space Use Condition Available
2nd Floor 3,320 SF Office Full Build-Out 30 Days

2nd Floor

Size
3,320 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

2nd Floor

Size 3,320 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

Large 3320 SF office on second floor in downtown Hagerstown, next to the University of Maryland of Hagerstown. Unit has elevator as well as front and rear staircase. Gross Rent; includes water, sewer, trash, CAM, insurance, HVAC & Elevator Maintenance. Just a block away from new downtown Multi Use Facility/Stadium and parking deck just out the back door and new parking deck less than a block away with a 3rd parking deck a block and half away.

Walk Score®
Walker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
25-011090
Land Assessment
$70,145 CAD (2025)
Improvements Assessment
$628,780 CAD (2025)
Total Assessment
$698,925 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2022
  • Listing ID: 25828764

  • Date on Market: 2022-06-01

  • Last Updated:

  • Address: 28-30 W Washington St, Hagerstown, MD 21740

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}