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Fountain Head

Price Upon Request

Apartments For Sale • 11,385 SF

Property Details

Property Type Apartments
Total Building Size 11,385 SF
Lot Size 4.07 AC
Building Class C
Year Built 1950
Zoning A

0 Transit Score

14 Walk Score

Description

This 4.07-acre property in Hagerstown, MD offers a rare investment opportunity with multiple income streams and significant growth potential. The property includes a fully renovated, profitable 40-year-established restaurant, Colonial Bar & Grill, a 16-unit apartment complex with a yearly NOI of $250K, and additional assets like a storage garage and mobile home pad. The apartments feature month-to-month leases, including four high-performing Airbnb units generating extra income. Located just 0.25 miles from I-81, near the Hagerstown Regional Airport and Amazon’s East Coast distribution center, the property offers excellent visibility and future expansion opportunities, including undeveloped land for additional rental units or RV/boat parking. With recent upgrades and diverse revenue sources, this turnkey investment provides stability and strong long-term growth potential in a thriving market.

                
                    Highlights
                
                                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

Property Flyers

Wilham Inc (No Price)

Amenities

24 Hour Access
Air Conditioning
Tenant Controlled HVAC
Heating
Kitchen
Oven
Tub/Shower
Walk-Up
Smoke Detector

Public Transportation

Airport	Drive	Walk	Distance
Hagerstown Regional/Richard A Henson Field	3 min	-	0.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	70
Type:	Surface
Included in Rent:	Yes

Dylan Leazier 301-302-3932 Wilham Inc

14130 Pennsylvania Ave Hagerstown, MD 21742 Outer Robinwood/Paramnt/Fountain Head