500-508 SALEM AVENUE, Hagerstown, MD 21740

Commercial Property
Built in 1900
0.26acre lot
—— car garage
$——/sqft
Listed 3 months ago

Property Description

Turnkey Investment – Real Estate & Business with On/Off class D Liquor License! Discover a true value-add investment with Harman’s Tavern, a well-established bar accompanied by a Class D Liquor License and income-producing residential and retail units. Spanning nearly 10,000 sq. ft., this mixed-use property offers eight total units, including retail space and spacious apartments – all currently occupied by long-term tenants. Untapped Income Potential! Rents have remained significantly below market value, as the current owner has never raised them. This presents a prime opportunity for immediate cash flow growth. The units are well-maintained, and with strategic updates, this property could see substantial appreciation. Whether you're looking to expand your portfolio or capitalize on the established business and rental income, this property is a rare find. 📞 Schedule your private tour today!

Listing Status:: Active
Date Added:: February 25, 2025 at 06:00AM
Listing Office:: RG Realty, Inc. : 2402036393
Listing Agent:: Roberto G. Gonzalez : 3019910207
MLS ID:: MDWA2027270

A/C: None
Heating: YBaseboard - ElectricElectric
Disability Feature: None

This listing courtesy of Roberto G. Gonzalez, RG Realty, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Salem Avenue Elementary School

1323 Salem Ave, Hagerstown, MD, 21740

Grades PK-5

0.79 miles away

Western Heights Middle School

1300 Marshall St, Hagerstown, MD, 21740

Grades 6-8

0.77 miles away

Barbara Ingram School for the Arts

711 S Potomac St, Hagerstown, MD, 21740

Grades 9-12

0.57 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.