For Sale
For Sale
-
Year Built
1989
-
Overview
Selling price 850k (below market value)
COMPS are:
1101 Conrad Ct Hagerstown, MD 21740 selling price 1 mln
1390 Dual Hwy Hagerstown, MD 21740 selling price 850k
Selling price determined using Cap Rate method:
NOI=72000/year, commercial Cap rate 8%, Fair Market Value 900k
There is no need for any repairs, 1-acre land with 2 separate buildings with offices and spare parts warehouse area on a big parking lot in downtown Hagerstown. Long-term tenant in place (Nationwide car repair company)
This is an assignment contract
•Buyer is to pay all closing costs
•Buyer is to submit $5000 EMD to title company within 48 hours after signing the contract
•No contingency deals
Property Details
Selling price 850k (below market value)
COMPS are:
1101 Conrad Ct Hagerstown, MD 21740 selling price 1 mln
1390 Dual Hwy Hagerstown, MD 21740 selling price 850k
Selling price determined using Cap Rate method:
NOI=72000/year, commercial Cap rate 8%, Fair Market Value 900k
There is no need for any repairs, 1-acre land with 2 separate buildings with offices and spare parts warehouse area on a big parking lot in downtown Hagerstown. Long-term tenant in place (Nationwide car repair company)
This is an assignment contract
•Buyer is to pay all closing costs
•Buyer is to submit $5000 EMD to title company within 48 hours after signing the contract
•No contingency deals
- Property TypeSpecial Purpose
- Amenities
- Onsite parking
- Year Built1989
- Sale Price$850,000
- Total Acres1.08
- Cap Rate8.0%
- Number of Floors1
- Number of Buildings2
- Will build to suitNo
- SewerYes
- Corner lotNo
- Property ID2196168