111-113 SOUTH POTOMAC ST, HAGERSTOWN, MD 21740
Zoning Code: CCMU
Prop Use: COMMERCIAL
Building Use: OFFICE BUILDING
South Potomac St, OFB Building, Beaux Arts / Classical Revival Style, First class office building, Beautiful Historic three story brick, stone and concrete with classic architectural details in the Arts and Entertainment district, not another building like this in Hagerstown, right across from the new library, one block from the new District Court, Off-street parking lot included
If you are thinking about buying or selling a property, please give me a call at 301-991-0207 or 240-203-6393 or by email at [email protected]
Selling a multifamily property is different!! People who don’t work in real estate are always amazed to learn that finding the buyer isn’t the biggest challenge in real estate.
The biggest challenge is in getting the transaction from the offer stage all the way to closing. This is true with single family homes, and true with Multifamily and other commercial property. Inspections can cause problems, as can appraisals. And with investment properties, the financial information can play a huge role in both issues. Unless your agent knows how to negotiate with buyers over those issues, your promising sale can wither and die.
Inspections: When the inspector finds a problem, you need to know first if it impacts the safety or longevity of the building. Then, because return on investment is the issue for your buyer, you’ll need to re-negotiate the price, fix the problem, or show the buyer that it isn’t a vital issue.
Appraisals: Banks too often bring appraisers in from other areas. Your agent needs to be able to supply that appraiser with true comparable to justify your price. In addition, he or she needs to be able to demonstrate the return on investment. And here’s where experience with tax returns and financial statements really counts.
|Address:||111-113 S Potomac St|
|Lot Square Feet:||9840|