Active

535 Summit Ave

Hagerstown MD, 21740

$1,900,000


$75.91 per sqft

Active

25,029 sqft

Commercial

Built in 1907

The current owner has developed a comprehensive concept for a proposed luxury hotel, complete with a full market study. This valuable information is available for presentation to a qualified buyer.

Situated in the prime location of Hagerstown, Maryland, this historic two-story brick building, once a bustling childcare center, boasts a strategic location directly opposite the City Park. Spread across a generous 2.67-acre land, the property offers over 24,000 square feet of usable space, including a finished basement. With an easily navigable layout featuring a wide central corridor, six classrooms, administrative offices, and dual restrooms on both floors, the structure is well-suited for multiple commercial uses. Additional amenities include a sizeable fenced outdoor area and paved parking--key features for any commercial enterprise.

The future holds bright prospects with the proposed Surrey Hill Hotel, a luxury accommodation concept. Spanning 34,000 square feet, it is designed to include 26 plush guest rooms, an elite holistic spa with four specialized treatment rooms, a high-end public restaurant, and an intimate bar that extends onto a sprawling stone patio. Overlooking the verdant City Park, the hotel's grounds and gardens promise a serene experience. Architecturally, the design integrates four extensions--two each on the north and south, as well as the west fronts. These windowed structures with hip roofs pay homage to the property's original Neoclassical Revival architecture.

The site is steeped in history, originally housing the Surrey School built in 1908. The building captures quintessential neoclassical elements, featuring high ceilings, large windows, and spacious corridors. Post its life as a public school, it served as a childcare facility for nearly 30 years. Since 2016, it has been vacant, awaiting a transformative vision. Acquired in 2021, plans are underway to repurpose it into a boutique hotel and spa, in line with Hagerstown's urban revitalization efforts. The address for this promising investment is 535 Summit Avenue, Hagerstown, Maryland 21740.

Strategically located at the northeast corner of the Virginia Avenue and City Park Drive intersection in Southwest Hagerstown, this property enjoys prime connectivity. It is easily accessible via various local and county roads, as well as major interstates and highways, reinforcing its regional accessibility. Primary vehicular ingress points include Summit Avenue and Virginia Avenue, closely linked to Interstate 70 and U.S. Route 40--the area's major thoroughfares.

MDWA2017800

MLS ID

September 23, 2023

Listed

February 21, 2025

Updated

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Heat Pump, Oil

Exterior/Building Features

Lot Size

2.67 Acres


Security

Security System

Other Property Details

Area Name

Hagerstown


Taxes

$11,239


Tax Frequency

Annually


Days on Market

139


Accessibility

Accessible Entrance


Garage

No


Parking Total

40


View

No


County

WASHINGTON


Water Source

Public


Pool

No

Listed by RG Realty, Inc.
Listing Contact: 3019910207 

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Data last updated on 2/21/2025 at 12:13 AM UTC

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