• Signature Collision Center Hagerstown - 120 W Church St, Hagerstown, MD 21740

For Sale

Special Purpose

For Sale

This property is available for sale
1.08
Acres
$850,000
Sale Price
  • 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

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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 Type
    Special Purpose
  • Amenities
    • Onsite parking
  • Year Built
    1989
  • Sale Price
    $850,000
  • Total Acres
    1.08
  • Cap Rate
    8.0%
  • Number of Floors
    1
  • Number of Buildings
    2
  • Will build to suit
    No
  • Sewer
    Yes
  • Corner lot
    No
  • Property ID
    2196168

Landlord's Sales Representative

  • Evan