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.
500-508 SALEM AVE Hagerstown, MD 21740
0.26 Acres Lot
Key Details
Sold Price $550,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MDWA2032216
Sold Date 04/30/26
Year Built 1900
Annual Tax Amount $5,235
Tax Year 2024
Lot Size 0.258 Acres
Acres 0.26
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Turnkey Investment, Real Estate and Business with Class D Liquor License
Harman's Tavern presents a true value-add opportunity, pairing a well established bar with a Class D Liquor License and income producing residential and retail units. The mixed use building totals nearly 10,000 square feet and includes eight units, a retail space and spacious apartments, all occupied by long term tenants.
Rents are significantly below market, as the owner has never increased them, creating immediate upside in cash flow. The units are well maintained, and thoughtful updates could support meaningful appreciation.
Whether you are expanding a portfolio or seeking stable income with room to grow, this offering 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
Heat Source Electric
Exterior
Garage Spaces 3.0
Water Access N
Accessibility None
Total Parking Spaces 3
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Washington County Public Schools
Others
Tax ID 2225009894
Ownership Fee Simple
Special Listing Condition Standard
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