3 Oak Ridge Drive
Hagerstown, MD 21740
MLS #WA10156074

Commercial
    $499,000
    Est. P&I payment: $1905.84/mo
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    Description for 3 Oak Ridge Drive, Hagerstown, MD 21740
    HIGH TRAFFIC CORNER COMMERCIAL PROPERTY, ZONED (HIGHWAY INTERCHANGE) PROPERTY PRESENTLY HAS 3 RESIDENTIAL TENANTS WITH RENTAL INCOME OF $2,400.00 PER MONTH. ADJACENT PROPERTY CONSISTING OF .39 ACRES ALSO LISTED FOR $240,000. TOTAL OF 1.01 ACRES, SHOP ON THE CORNER MAY BE RENTED FOR ADDITIONAL INCOME ACROSS FROM A SHEETZ STORE AND STRIP MALL. RENT THE EXISTING UNITS UNTIL SOLD FOR COMMERCIAL USE.
    MLS #WA10156074
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    My Notes for MLS #WA10156074

    General Features

    • Property Type: Commercial
    • Comm Industrial Type: C-Store,​Gas Station,​Office,​Restaurant
    • Zoning Code: HI

    Exterior Features

    • Stories: 4
    • Lot Area Acre: 0.619995
    • Lot Size Area: 27,007
    • Water Front: N
    • Parking: Drvwy/Off Str

    Interior Features

    • Gross SQFT: 2,700
    • Net SQFT: 2,700

    Utilities Features

    • Sewer Septic: Public Sewer
    • Water: Public

    Financial Features

    • Price Per Square Foot: 11
    • Total Taxes: 3,676.08
    • Total Taxes Payment Freq: Annually
    • City Town Tax Payment Freq: Annually
    • County Tax: 3,676.08
    • County Tax Payment Freq: Annually
    • Tax Year: 2017
    • Improvement Assessment Amount: 120,000
    • Improvement Assessment Payment Freq: Annually
    • Land Assessment Amount: 259,200
    • Land Assessment Payment Freq: Annually
    • Total Assessment: 379,200
    • Total Assessment Payment Freq: Annually
    • Assessment Year: 2017
    • Gross Income: 28,800
    • Monthly Gross Rent: 2,400
    • Expenses: 5,000
    • Rent Special Terms: 3 RES. UNITS ARE PRESENTLY RENTED,​ INCOME OF $2,​400.00 PER MONTH. OWNER USES THE SHOP FOR PERSONAL USE. INDIVIDUALS STOP AND INQUIRING ABOUT RENTING THIS SPACE AS WELL. ANOTHER DETACHED GARAGE ON THE ALLEY ACCESS FOR BE EVEN MORE RENTAL SPACE FOR STORAGE. TENANTS PRESENTLY HAVE LEASES WITH DIFFERENT EXPIRATION DATES. OWNER HAS ALL LEAD CERTIFICATES. ADJACENT PROPERTY ALSO FOR SALE $240,​000 .39ACRE

    Community Features

    Misc Features

    • Year Built: 1932
    • Vacancy Factor: 10
    • Tenancy: Lease terms Mixed
    • Auction: N
    • Foreclosure: N
    • Potential Short Sale: No

    Location

     
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    The listing information for 3 Oak Ridge Drive, Hagerstown, MD 21740 was graciously provided by our friends at the listing brokerage, RE/MAX Achievers

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    Last Updated 04/26/2018 at 9:33am
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