Historic Downtown Redevelopment Opportunity | 42-Unit Residential Conversion Concept

72 W Washington Street, Hagerstown, Maryland, a rare downtown redevelopment opportunity in the heart of the City Center corridor. Historically known as the Earles Building, this prominent seven-story commercial asset offers scale, visibility, and strong adaptive reuse potential for an investor, developer, or mixed-use repositioning buyer.

72 W WASHINGTON ST is situated on approximately 0.23 acres with CCMU zoning and benefits from strong frontage along West Washington Street within walking distance of downtown dining, arts, civic uses, and continued reinvestment activity. Publicly available building area references vary from approximately 29,720 SF to 34,720 SF, and buyers should independently verify final square footage.

Seller-furnished redevelopment drawings depict a 42-unit residential conversion concept, including 26 one-bedroom units and 16 two-bedroom units, with lower-level and first-floor business, fitness, and storage components. The plans also contemplate elevator modernization, circulation improvements, and historic exterior rehabilitation consistent with an adaptive reuse strategy.

72 W WASHINGTON ST Offered at Two Million Four Hundred Ninety Thousand Dollars ($2,490,000), the property presents a compelling opportunity for qualified investors and developers seeking a substantial redevelopment project in Downtown Hagerstown. Buyers should verify zoning, plan status, approvals, building area, incentives, and all redevelopment feasibility during due diligence.

Investment highlights

Historic seven-story downtown asset with strong identity and West Washington Street Presence

Approx. 0.23-acre site in Hagerstown’s City Center corridor

CCMU zoning, supporting flexible mixed-use and redevelopment positioning, subject to verification

Seller-furnished 42-unit residential conversion concept

Proposed unit mix of 26 one-bedroom units and 16 two-bedroom units

Lower-level and first-floor plans include business, fitness, and storage areas

Potential adaptive reuse opportunity for multifamily, mixed-use, office, creative reuse, or other redevelopment strategies

Located near downtown dining, arts, civic uses, and ongoing reinvestment activityPotential relevance of downtown redevelopment incentives, subject to eligibility and confirmation with the City of Hagerstown

For additional information, call Roberto Gonzalez