72 W Washington Street

City Catalyst Site for Sale: The Holly Building

72 W Washington St, Hagerstown, MD | City-Designated Catalyst Site | $2,290,000

RG Realty Inc. is pleased to present 72 W Washington Street, Hagerstown, Maryland, a rare downtown Hagerstown redevelopment opportunity in the heart of the City Center corridor. The Holly Building, historically known as the Earles Building, is a prominent seven-story commercial property offering scale, visibility, and strong adaptive reuse potential for an investor, developer, or mixed-use buyer.

One of Seven Downtown Catalyst Sites

The property is one of only seven Catalyst Sites named in the City of Hagerstown’s 10-Year Downtown Plan, adopted in January 2026. The City’s plan recommends ground-floor retail or restaurant space with one- and two-bedroom market-rate apartments above. It also commits the City to helping a developer partner identify incentives and funding sources.

Property and Location Highlights

• Seven-story commercial building on approximately 0.23 acres
• CCMU zoning
• Frontage on West Washington Street in the City Center corridor
• Parcel / APN: 25-020669
• Public records report approximately 29,720–34,720 square feet; buyers should verify building area
• Asking price: $2,290,000

The building is steps from the University System of Maryland at Hagerstown and within walking distance of downtown dining, arts, civic uses, and ongoing reinvestment.

Proposed 42-Unit Residential Conversion

Redevelopment drawings furnished by the seller show a proposed 42-unit residential conversion, consisting of 26 one-bedroom and 16 two-bedroom apartments. The lower level and first floor include business, fitness, and storage space. The plans also call for new elevators, circulation improvements, and restoration of the historic exterior.

These are proposed uses and units, not an existing 42-unit apartment operation. Buyers should independently verify plan status and required approvals.

Request the Offering Memorandum or Schedule a Tour

Offered at $2,290,000, this downtown Hagerstown redevelopment property is an opportunity for qualified investors and developers seeking a substantial project. Contact Roberto Gonzalez directly to request the full Offering Memorandum and complete plan set or to schedule a tour.

Buyers should independently verify zoning, plan status, approvals, building area, incentives, and redevelopment feasibility during due diligence.

© 2026 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of RG Realty, Inc.. Data last updated on Tuesday, September 29th, 2026 04:12:29 PM.