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    Hagerstown, MD
    Flex Space

    Hagerstown, MD Flex Space for Sale

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    Multi-Use Building Near Meritus Park
    Updated: Feb 28, 2024
    Multi-Use Building Near Meritus Park

    100 Summit Ave, Hagerstown, MD 21740

    $3,490,000
    53,514 sqft
    Prime location immediately adjacent to the new Meritus Park baseball stadium.
    ~53,500 SF multi‑use building suitable for office, flex, warehouse, or hospitality space.
    Great potential development location.
    Unique two‑story space ideal for hospitality or restaurant use (formerly The Press Room event space).
    New 397‑space parking garage being constructed directly across the street.
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    This listing looks promising.

    Here's a quick look at some key insights for

    100 Summit Ave, Hagerstown, MD 21740

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    • Est. Cap Rate

      8.7%
      Above avg (5.9%)

    • Est. NOI

      $304K
      Annual

    • Mortgage

      $3.31M
      Recorded

    • Last Sold

      Jan 2024
      $1.8M

    • Property Type

      Office Building
      Built 1979
    View Property Analytics
    Downtown Flex Building with Drive-Through
    Updated: Feb 23
    Downtown Flex Building with Drive-Through

    35 E WASHINGTON ST, Hagerstown, MD 21740

    $250,000
    7,800 sqft 0.19 AC lot
    Prime downtown Hagerstown location with outstanding walkability and accessibility.
    Approximately 7,800 sq ft of versatile space suitable for various commercial uses.
    Proximity to key amenities including the Maryland Theater, Meritus Park, restaurants and professional offices.
    Ample parking options available with nearby public parking decks and surface lots.
    9‑foot drive‑through overhead door providing unique loading, storage, or adaptable workspace possibilities.
    View details
    Renovated Flex Space For Sale
    Renovated Flex Space For Sale

    651 N PROSPECT St, Hagerstown, MD 21740

    $2,900,000
    44,000 sqft

    44,000 sq ft renovated flex space with owner financing.

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    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 3 Active listings in Hagerstown, MD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Versatile Flex/Warehouse Facility
    Versatile Flex/Warehouse Facility

    4102 Harvard Pl, Frederick, MD

    $4,995,000
    20,000 sqft 3.36 AC lot

    20,000 SF flex/warehouse facility in Frederick, Maryland.

    View details
    Frederick Office/Warehouse Space Available
    Frederick Office/Warehouse Space Available

    1319 Bucheimer Rd, Frederick, MD

    $1,750,000
    8,405 sqft 0.57 AC lot

    8,405 SF office/warehouse with drive-in bay door and parking.

    View details
    Prime Development Opportunity in Ijamsville
    Prime Development Opportunity in Ijamsville

    9920 Doctor Perry Rd, Ijamsville, MD 21754

    $6,500,000
    3,592 sqft 49.84 AC lot

    49.84 acre parcel for future office/research/industrial development.

    View details
    Industrial Flex Property with Storage
    Industrial Flex Property with Storage

    10078 Tyler Ct, Ijamsville, MD 21754

    $6,800,000
    28,000 sqft 9.77 AC lot

    Versatile industrial flex property with substantial outdoor storage.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Industrial Land in Frederick, MD
    Industrial Land in Frederick, MD

    4060 STANFORD Court, Frederick, MD 21703

    $499,000
    2.61 AC lot

    2.61 acre industrial lot with development and income potential.

    View details
    Approved Industrial Development Lot
    Approved Industrial Development Lot

    771 RANGE END Road, Dillsburg, PA 17019

    $420,000
    4.49 AC lot

    4.49-acre industrial site approved for an 18,000 SF build with three loading docks and a drive-in door.

    View details
    Industrial Land on Washington Boulevard
    Industrial Land on Washington Boulevard

    9205 Washington Boulevard N, Laurel, MD 20723

    Contact for pricing
    6.19 AC lot

    6.19 acres of industrial-zoned land with high visibility.

    View details
    Red Lion Road Land Available
    Red Lion Road Land Available

    White Marsh, MD 21162

    Contact for pricing
    0.45 AC lot

    0.45 acre commercial land with convenient transportation access.

    View details

    Off-Market Properties in Hagerstown, MD

    Consider similar Off-Market properties in Hagerstown, MD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    11905 Wheatfield Dr
    Flex space

    11905 Wheatfield Dr, Hagerstown, MD 21740

    Value Estimation by Request
    10,000 sqft
    View details
    12111-17 Insurance Way
    Distribution properties

    12111-17 Insurance Way, Hagerstown, MD 21740

    Value Estimation by Request
    21,050 sqft
    View details
    Arnett Dr
    Distribution properties

    0 Arnett Dr, Hagerstown, MD 21740

    Value Estimation by Request
    View details

    Hagerstown, MD Flex Space Market Trends and Statistics

    Explore 6 flex space for sale in Hagerstown, MD, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 105,314 square feet of properties for sale, with an estimated market value of $6,640,000.

    Sale prices for business spaces in Hagerstown, MD start at $250,000, averaging $2,213,333, and reaching up to $3,490,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Flex space 20
    Distribution centers 3
    Manufacturing properties 3
    Truck terminals 1

    Demographics Overview

    Population 101K
    Population Growth (5Y) +4.0%
    Median Household Income $66,959
    College Educated 10.5%

    High-Yield Neighborhoods for Investment

    Identify Hagerstown submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    21742 $549.9K
    21740 $1.7M

    Taxes & Financing

    Tax Rate (average for all types) 0.97%
    Property Tax per SF $18.55 per SF
    Tax Rate vs County Average 0.01 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Washington County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Washington County

    Residential Income

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