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Marjorie Dick Stuart

  • Cell 240-731-8079
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500-508 Salem Ave, HAGERSTOWN, MD – $675,000

  • $675k Price
  • 9,165 Sqft
  • .26 Acres
  • 118 DOM
  • $675k Price
  • 9,165 Sqft
  • .26 Acres
  • 118 DOM

500-508 Salem Ave

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.

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Essential Information

  • MLS® #MDWA2027270
  • Price$675,000
  • Bathrooms0.00
  • Square Footage9,165
  • Acres0.26
  • Year Built1900
  • TypeCommercial Sale
  • Sub-TypeFive Or More Units
  • StatusActive

Community Information

  • Address500-508 Salem Ave
  • CityHAGERSTOWN
  • CountyWASHINGTON-MD
  • StateMD
  • MunicipalityHagerstown
  • Zip Code21740

Interior

  • HeatingBaseboard - Electric
  • CoolingNone

Exterior

  • ExteriorBlock, Brick and Siding

School Information

District

WASHINGTON COUNTY PUBLIC SCHOOLS

Additional Information

  • Date ListedFebruary 25th, 2025
  • Days on Market118
  • ZoningRMED

Listing Details

  • OfficeRG Realty, Inc.
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Listing information last updated on June 22nd, 2025 at 7:03am CDT.