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500-508 Salem Avenue

HAGERSTOWN, MD 21740
  • $675,000
  • STATUS: Active
  • ON SITE: 20 Days
  • ID#: MDWA2027270
$675,000
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

Turnkey Investment " Real Estate & Business with On/Off class D Liquor License!Discover a true value-add investment with Harmans 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!

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©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Taylor-Made Deep Creek Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-03-17T23:51:31.34.
www.deepcreeksales.com/homes/160839979
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500-508 Salem Avenue HAGERSTOWN, MD 21740

  • Price: $675,000
  • Status: Active
  • On Site: 20 Days
  • ID#: MDWA2027270
0
Beds
0
Baths
0
½ Baths
0.26
Acres
1900
Built
County:
Washington
School District:
Washington County Public Schools
Property Description
Turnkey Investment " Real Estate & Business with On/Off class D Liquor License!Discover a true value-add investment with Harmans 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!
Exterior Features

Construction Materials BlockBrick Garage YN No Parking Types On StreetDriveway Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 9165.00 Cooling None Heating Baseboard - Electric Heating YN Yes Net Square Feet 9165.00

Property Features

Accessibility Features None Central Air YN No Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Municipality Hagerstown Navigable Water YN N New Construction YN No Number Of Units Total 8 Original MLSNumber 803651986076 Ownership Interest Fee Simple Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 5235.00 Vacation Rental YN No Water Source Public Zoning RMED

Listing courtesy of RG Realty, Inc.: .


©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Taylor-Made Deep Creek Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-03-17T23:51:31.34.
 
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Taylor-Made Deep Creek Real Estate
35 Towne Centre Way
McHenry MD, 21541