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Multifamily For Sale • 11,385 SF
| Prime Multi-Purpose Investment Opportunity: 4.07-acre property featuring a profitable restaurant, 16-unit apartment complex and 2 acres undeveloped |
| Strategic Location for Long-Term Appreciation: 370 feet of frontage on Route 11 with high visibility and accessibility. Situated in a growth hub |
| Strong Cash Flow and Revenue Streams: Both restaurant and rentals combine for very healthy yearly NOI |
| Low Risk and Stable: The 12 long-term rentals and 4 Airbnb units generate stable recurring monthly revenue and a yearly NOI of $250K |
| High Yielding and Proven: The turnkey, 40-year-established restaurant generates over $1 million in annual sales and has been newly renovated |
| High Potential for Growth and Development: Undeveloped land offers opportunities for additional rentals, RV/boat storage, or commercial structures |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Hagerstown Regional/Richard A Henson Field | 2 min | - | 0.6 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 70 |
| Type: | Surface |
| Included in Rent: | Yes |
