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50 Summit Ave Hotel Hagerstown, MD 21740 $8,076,220 CAD



Investment Highlights
- Historic 8-Story Hotel Building Built in 1915
- Seller Can Assist with Management Transition for Up to One Year
- 7 Floors of Hotel Rooms & Suites Plus Ground Floor Retail/Office Space
Executive Summary
A Stunning Historic Hotel building built in 1915, solid structure over 8 floors and basement build.
Ground floor consisting of 7 floors of Hotel Rooms and Suites & 3 Commercial offices / retail outlets on ground floor.
Building is Sprinklered on Ground, 6 & 7th floor, with available tap lines to complete other floors.
Option to assist with management for up to a year.
Ground floor consisting of 7 floors of Hotel Rooms and Suites & 3 Commercial offices / retail outlets on ground floor.
Building is Sprinklered on Ground, 6 & 7th floor, with available tap lines to complete other floors.
Option to assist with management for up to a year.
Property Facts
| Price | $8,076,220 CAD | Building Size | 57,680 SF |
| Sale Type | Investment or Owner User | No. Stories | 8 |
| Property Type | Hospitality | Year Built/Renovated | 2025/2026 |
| Property Subtype | Hotel | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | CC-MU - CC-MU Overview: Mixed-Use Districts - Hagerstown The purposes of the mixed-use districts are as follows: a. CC-MU (City Center - Mixed Use) | ||
| Price | $8,076,220 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Building Size | 57,680 SF |
| No. Stories | 8 |
| Year Built/Renovated | 2025/2026 |
| Opportunity Zone |
Yes |
| Zoning | CC-MU - CC-MU Overview: Mixed-Use Districts - Hagerstown The purposes of the mixed-use districts are as follows: a. CC-MU (City Center - Mixed Use) |
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 03-008533 | Improvements Assessment | $1,572,124 CAD |
| Land Assessment | $70,930 CAD | Total Assessment | $1,643,054 CAD |
Property Taxes
Parcel Number
03-008533
Land Assessment
$70,930 CAD
Improvements Assessment
$1,572,124 CAD
Total Assessment
$1,643,054 CAD
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Crown Hotel
50 Summit Ave
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