29 31 W Franklin St
$695,000
29 31 W Franklin St, Hagerstown, MD 21740
8,682 sqft
Building Size
1900
Year Built
Details:
Highlights:
- Days on Market: 120
- Heating: Hot Water, Forced Air
Description:
The first floor is currently owner-occupied and utilized as professional office space. The owner is willing to lease back the first-floor space for a period of 3–6 months following settlement. The six upper-level units have historically been used as professional office space and are currently vacant. Conversion of the upper levels back to residential use will require installation of a sprinkler system. Due to the long-term professional use and occupancy by practicing partners, there is no existing residential rent roll available. The six apartment units are in excellent condition and are considered rent-ready. Outstanding Investment Opportunity in Downtown Hagerstown! Pride of ownership shows in this extremely well-maintained commercial building inside and out, known locally as the Einbinder Building. Offering over 8,600 sq. ft. of usable space across four stories plus a finished basement, this property is perfectly suited for a variety of uses under its CC-MU (City Center Mixed Use) zoning. The building features two main entrances: one leading to a spacious first-floor office suite with multiple private offices and a large conference room, and another providing direct access to six upper-level units with income-producing residential potential on upper floors, also includes a functional fire escape. The finished basement adds additional office space, utility areas, and a walkout to the rear parking lot. A rare bonus in the downtown market, the property includes a private rear parking lot with multi-alley access, accommodating 8 vehicles with potential for expansion. Conveniently located just steps from the U.S. Post Office, Hagerstown City Hall, courthouses, Meritus Baseball Stadium, local businesses, and restaurants, with easy access to both I-81 and I-70, this building combines an unbeatable location with flexible functionality. Don’t miss this exceptional chance to invest in the heart of Hagerstown’s growing downtown district!
Location
Gallery
