$910,000
$1,195,000
23.8%For more information regarding the value of a property, please contact us for a free consultation.
28,880 SqFt
SOLD DATE : 07/28/2016
Key Details
Sold Price $910,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 28,880 sqft
Price per Sqft $31
Subdivision City Center
MLS Listing ID 1003736561
Sold Date 07/28/16
HOA Y/N N
Originating Board MRIS
Year Built 1870
Annual Tax Amount $22,512
Tax Year 2014
Lot Size 0.284 Acres
Acres 0.28
Property Description
Rare opportunity to own the Towne Center Building; a large office building in Hagerstown's City Center with frontage on the Square. Great investment with multiple tenants, including State of MD and Optimal Health that offer long term leases. Property is priced aggressively with a 9.35% CAP Rate based on actual NOI. Building has central HVAC per floor, CAT 5 wiring, elevator and sprinkler system.
Location
State MD
County Washington
Zoning CCMU
Interior
Cooling Central A/C
Fireplace N
Heat Source Electric, Natural Gas
Exterior
Waterfront N
Water Access N
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Washington County Public Schools
Others
Tax ID 2225007808
Ownership Fee Simple
Special Listing Condition Standard
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Bought with Roberto G. Gonzalez • RG Realty, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "