535 Summit Avenue

Description

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+GGkey 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+GGtwo 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+GGs 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+GGthe area+GGs major thoroughfares.