Property

Hagerstown, MD 21740 500-508 Salem Avenue

500-508 Salem Avenue Hagerstown, MD - Image 1500-508 Salem Avenue Hagerstown, MD - Image 2500-508 Salem Avenue Hagerstown, MD - Image 3
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Presented By: RG Realty, Inc.
  • MLS# MDWA2032216
  • 10/16/2025
  • Request Tour
  • Request Info
  • SQFT • 9,165

Home Details

Turnkey Investment, Real Estate and Business with Class D Liquor License Harmans 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.
Presented By: RG Realty, Inc.

Interior Features for 500-508 Salem Avenue

Other Interior Features

Central Air Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

General for 500-508 Salem Avenue

AccessibilityNone
Business TypeApartment Building, Other/General Retail, Restaurant/Bar
CityHAGERSTOWN
Construction MaterialsBlock, Brick
Cool FuelElectric
CoolingNone
CountyWASHINGTON
DirectionsGPS
HeatingBaseboard - Electric
Lot Size Square Feet11240.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-10-16T10:01:22
MunicipalityHagerstown
New ConstructionNo
Number Of Units Total8
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG73.65
Property SubtypeFive Or More Units
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount5235.0
Tax Assessed Value273100.0
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1900
Year Built SourceEstimated
ZoningRMED

Exterior for 500-508 Salem Avenue

Building Area Total9165.00
Car Parking Spaces3
Lot Size Acres0.26
Lot Size SourceAssessor
Navigable Water Y/NNo
Total Loading Docks
Total Parking Spaces3
Type of ParkingOn Street, Driveway
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Tina Torres

Broker/Owner
Price $675,000
MLS#MDWA2032216
List Date 10/16/2025
Property Type Commercial
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