500-508 SALEM AVE Active Save Request In-Person Tour Request Virtual Tour
Hagerstown,MD 21740
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,165 sqft
Price per Sqft $73
MLS Listing ID MDWA2027270
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $5,235
Tax Year 2024
Lot Size 0.258 Acres
Acres 0.26
Property Sub-Type Five Or More Units
Property Description
Turnkey Investment – Real Estate & Business with On/Off class D Liquor License!
Discover a true value-add investment with Harman's Tavern, a well-established bar accompanied by a Class D Liquor License and income-producing residential and retail units. Spanning nearly 10,000 sq. ft., this mixed-use property offers eight total units, including retail space and spacious apartments – all currently occupied by long-term tenants.
Untapped Income Potential! Rents have remained significantly below market value, as the current owner has never raised them. This presents a prime opportunity for immediate cash flow growth. The units are well-maintained, and with strategic updates, this property could see substantial appreciation.
Whether you're looking to expand your portfolio or capitalize on the established business and rental income, this property is a rare find.
📞 Schedule your private tour today!
Location
State MD
County Washington
Zoning RMED
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Garage Spaces 3.0
Water Access N
Accessibility None
Total Parking Spaces 3
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Washington County Public Schools
Others
Tax ID 2225009894
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard