$289,900 · HAGERSTOWN, MD 21740
Works for flippers · Landlords would lose money

Sold

$289,900Asking price

2 bd · 4 ba · 18,000 sq ft · built 1973

HAGERSTOWN, MD 21740

No contract on file

via InvestorLift Classic

Listed Feb 20

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $475,000
Asking price: −$289,900
RepairsThe seller’s figure. Ours: $211,500 – $441,000: −$80,000
Loan, holding, closing20% down, 12% interest, 2 points, 92 days: −$34,600
Profit14.8% of ARV · flippers want 10%+: $70,500
Works

Works for a flipper up to $311,000.

DIRTY PROPERTIES

Joshua Shifrin

No reviews yet

Comps

Sales

Rents

ARV $475,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

ARV $475,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

DIRTY PROPERTIES

Joshua Shifrin

No reviews yet

Seller Description

Downtown Hagerstown Massive Commercial Opportunity | 18,000 Sq Ft Mixed-Use w/ 2 Apartments + Warehouse Space CG Zoning | ARV $475K

Property Highlights

18,000 Sq Ft Commercial Space
2 Combined Commercial Buildings (55–57 E Baltimore St + 211 S Locust St)
2 Residential Apartments Included
Enclosed Loading Dock w/ Leveler
2 Drive-In Doors
15+ Ft Ceiling Height
Large Open Commercial Workspace
Multiple Office Rooms
Off-Street Parking + Rear Access
Warehouse / Storage Use
4 Bathrooms
ARV $475,000
Reno Estimate $80,000

Description This is a rare opportunity to control an entire connected commercial footprint in the heart of Downtown Hagerstown. 55–57 E Baltimore Street and 211 S Locust Street function together as one massive mixed-use property with approximately 18,000 square feet of usable space.

The property includes expansive open commercial areas, multiple office spaces, warehouse functionality, 15+ foot ceilings, one enclosed loading dock with leveler, and two drive-in doors. Access from both E Baltimore Street and S Locust Street allows for strong logistical flexibility.

Additionally, the property includes 2 residential apartments, creating built-in income potential alongside the commercial use. Zoned CG (Commercial General), allowing for warehouse, storage, flex space, retail, office, and more.

Large mixed-use buildings of this size rarely trade at this level. Strong reposition, rental, or owner-user opportunity.

Location Downtown Hagerstown Easy access via Rt 40, Franklin St, and Washington St Positioned in an active commercial corridor Parking and building access from S Locust Street

Tax IDs Included

2217005162
2217005170

Call or Text Joshua – 917-767-7675 for access and details.

Disclaimer Broker participation is welcome at 3% on top of the buy now price. Approximately 1-2 weeks for closing. Selling as-is. Buyer responsible for all closing costs and title insurance. Strongly prefer to use New World Title Co as the title company. Firm on price. Cash or hard money loan only.