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55 S Potomac St
For Sale $3,890,000
$3,890,000
- 33 Units
- Unknown Sq Ft
- 4,900 Sq Ft
- Unknown Cap Rate
Description
32 Residential Units, two Commercial Units and a Leasing Office.
Residential Occupancy rate is 94%.
One of the two commercial spaces is leased (5 Yr Lease) that just began.
In the heart of downtown Hagerstown, just blocks away from the minor league baseball stadium (Meritus Park Stadium) on the same block as the Maryland Theatre and just across the street from the Meinelschmidt Distillery, Bulls and Bears and Schmankerl Stube Restaurant, as well as the Washington County Public Library (diagonally across the intersection).
High vehicular and foot traffic, as the property is in downtown Hagerstown.
Projected Cap Rate - 8.4%
The current owner has had 2 grant applications approved, and a prospective buyer can seek many more.
The Georgian is located in the following:
Qualified Opportunity Zone: You can look up 55 S Potomac St here to verify
City of Hagerstown Arts & Entertainment District property tax incentive:
City of Hagerstown Main Street Grant Area.
City of Hagerstown Partners in Economic Progress (PEP) Program zone
City of Hagerstown City Center Redevelopment Grant zone.
Downtown Historic District. (local/state and NHR federal)
Enterprise Zone: City of Hagerstown CC-MU area
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,890,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1900 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2203020002 |
| MLS # | MDWA2029678 |
| Property ID | 321945436 |
| Lot Sqft | 4,900 |
| Zoning | CCMU |
| Total Units | 33 |
| Days on Market | 146 |
| Original List Price | Unknown |
| Date Updated | November 28, 2025 |
| Date Created | July 14, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Matthew Hilldoerfer an agent of Mr. Lister Realty. Lic #653540
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Data last updated: December 07, 2025.
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REAL ESTATE AGENT