Description
Rare downtown Hagerstown redevelopment opportunity. 72 W Washington Street, historically known as the Earles Building, is a prominent seven story historic commercial asset located in the heart of the City Center corridor. Positioned on approximately 0.23 acres with CCMU zoning, the property offers exceptional adaptive reuse potential for an investor, developer, or mixed use repositioning buyer. Seller furnished redevelopment plans depict a 42 unit residential conversion concept, including 26 one bedroom units and 16 two bedroom units, with lower level and first floor business, fitness, and storage components. The building’s scale, visibility, historic character, and West Washington Street frontage create a compelling opportunity for residential conversion, mixed use redevelopment, or other value add strategies. Located near downtown dining, arts, civic uses, and continued reinvestment activity. Buyer to verify building area, zoning, approvals, plan status, incentives, and all redevelopment feasibility.Summary DetailsProperty Type: Commercial redevelopment / adaptive reuse opportunityAsking Price: $2,490,000Historic Name: The Earles BuildingLocation: Downtown Hagerstown City CenterSite Area: Approx. 0.23 acresZoning: CCMUParcel / APN: 25-020669Building Area: Public sources vary from approximately 29,720 SF to 34,720 SF, buyer to verifyRedevelopment Concept: 42 residential units shown in seller furnished plansProposed Unit Mix: 26 one bedroom, 16 two bedroomIdeal Buyer: Investor, developer, adaptive reuse buyer, mixed use redevelopment group
Description
Rare downtown Hagerstown redevelopment opportunity. 72 W Washington Street, historically known as the Earles Building, is a prominent seven story historic commercial asset located in the heart of the City Center corridor. Positioned on approximately 0.23 acres with CCMU zoning, the property offers exceptional adaptive reuse potential for an investor, developer, or mixed use repositioning buyer. Seller furnished redevelopment plans depict a 42 unit residential conversion concept, including 26 one bedroom units and 16 two bedroom units, with lower level and first floor business, fitness, and storage components. The building’s scale, visibility, historic character, and West Washington Street frontage create a compelling opportunity for residential conversion, mixed use redevelopment, or other value add strategies. Located near downtown dining, arts, civic uses, and continued reinvestment activity. Buyer to verify building area, zoning, approvals, plan status, incentives, and all redevelopment feasibility.Summary DetailsProperty Type: Commercial redevelopment / adaptive reuse opportunityAsking Price: $2,490,000Historic Name: The Earles BuildingLocation: Downtown Hagerstown City CenterSite Area: Approx. 0.23 acresZoning: CCMUParcel / APN: 25-020669Building Area: Public sources vary from approximately 29,720 SF to 34,720 SF, buyer to verifyRedevelopment Concept: 42 residential units shown in seller furnished plansProposed Unit Mix: 26 one bedroom, 16 two bedroomIdeal Buyer: Investor, developer, adaptive reuse buyer, mixed use redevelopment group
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