About 500 Salem Ave
Turnkey Investment – Real Estate & Business with On/Off class D Liquor License! Discover a true value-add investment with Harman’s Tavern, a well-established bar accompanied by a Class D Liquor License and income-producing residential and retail units. Spanning nearly 10,000 sq. ft., this mixed-use property offers EIGHT TOTAL UNITS, including retail space and spacious apartments – all currently occupied by long-term tenants. Untapped Income Potential! Rents have remained significantly below market value, as the current owner has never raised them. This presents a prime opportunity for immediate cash flow growth. The units are well-maintained, and with strategic updates, this property could see substantial appreciation. Whether you're looking to expand your portfolio or capitalize on the established business and rental income, this property is a rare find.
Features of 500 Salem Ave
| MLS® # | MDWA2032214 |
|---|---|
| Price | $675,000 |
| Bathrooms | 0.00 |
| Square Footage | 9,165 |
| Acres | 0.26 |
| Year Built | 1900 |
| Type | Multi-Family |
| Sub-Type | Other, Detached |
| Style | Other |
| Status | Active |
Community Information
| Address | 500 Salem Ave |
|---|---|
| City | HAGERSTOWN |
| County | WASHINGTON-MD |
| State | MD |
| Municipality | Hagerstown |
| Zip Code | 21740 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Baseboard - Electric |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Block, Brick and Siding |
|---|---|
| Foundation | Brick/Mortar |
School Information
| District | WASHINGTON COUNTY PUBLIC SCHOOLS |
|---|
Additional Information
| Date Listed | October 16th, 2025 |
|---|---|
| Days on Market | 11 |
| Zoning | RMED |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RG Realty, Inc. |
|---|