Bought with Unrepresented • Unrepresented
$550,000
$675,000
18.5%For more information regarding the value of a property, please contact us for a free consultation.
500 SALEM AVE Hagerstown, MD 21740
9,165 SqFt
Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 9,165 sqft
Price per Sqft $60
MLS Listing ID MDWA2032214
Sold Date 04/30/26
Style Other
Abv Grd Liv Area 9,165
Year Built 1900
Annual Tax Amount $5,235
Tax Year 2024
Lot Size 0.258 Acres
Acres 0.26
Property Sub-Type Detached
Source BRIGHT
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!
Location
State MD
County Washington
Zoning RMED
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Above Ground Finished SqFt 9165
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Washington County Public Schools
Others
Tax ID 2225009894
Ownership Fee Simple
SqFt Source 9165
Special Listing Condition Standard
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