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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.

Property Facts

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

Property Taxes

Parcel Number
03-008533
Land Assessment
$70,930 CAD
Improvements Assessment
$1,572,124 CAD
Total Assessment
$1,643,054 CAD
  • Listing ID: 41527113

  • Date on Market: 2026-08-02

  • Last Updated:

  • Address: 50 Summit Ave, Hagerstown, MD 21740

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