535 Summit Ave
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535 Summit Ave
25,029 SF Speciality Building Offered at £1,244,096 in Hagerstown, MD 21740
Investment Highlights
- 25,029 SF Former school building for adaptive re-use in Hagerstown, MD with 2.67 Acres of land and large parking lot with 77 spaces
- Great central location with Hagerstown City Park across the street, the brand-new minor-league stadium one mile away from Hagerstown Premium Outlets
- Potential supplemental income to help cover carrying costs. Owner in talks to lease the parking lot to the city of Hagerstown for City Park
- Perfect for a daycare or charter school, with minimal renovations to current layout needed to get up and running
- Delivered with conceptual plans to convert the building to a high-end boutique hotel with 29 guest rooms, a luxury holistic spa & Restaurant
Executive Summary
Adaptive Re-Use/Boutique Hotel Development
Property Facts
| Price | £1,244,096 | Lot Size | 2.67 AC |
| Price Per SF | £50 | Building Size | 25,029 SF |
| Sale Type | Investment | Number of Floors | 2 |
| Property Type | Speciality | Year Built | 1908 |
| Property Subtype | Schools | Parking Ratio | 3.08/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Price | £1,244,096 |
| Price Per SF | £50 |
| Sale Type | Investment |
| Property Type | Speciality |
| Property Subtype | Schools |
| Building Class | B |
| Lot Size | 2.67 AC |
| Building Size | 25,029 SF |
| Number of Floors | 2 |
| Year Built | 1908 |
| Parking Ratio | 3.08/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
- Signage
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PROPERTY TAXES
| Parcel Number | 03-029735 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £516,365 |
PROPERTY TAXES
Parcel Number
03-029735
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£516,365
zoning
| Zoning Code | RMOD (RMOD – Residential, Moderate Density. Single-family and two-family neighborhoods on the outer edges of the city (e.g., North End, South End, Greenwich) |
| RMOD (RMOD – Residential, Moderate Density. Single-family and two-family neighborhoods on the outer edges of the city (e.g., North End, South End, Greenwich) |
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535 Summit Ave
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