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    Insurance Way Hagerstown, MD 21740

    For Sale
    $950,000

    Commercial/Industrial - HAGERSTOWN, MD

    Lot size:
    22.01 Acres
    Days on Market:
    155
    Last Refresh:
    Dec 13 at 8:06 pm

    Property Features for Insurance Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Property condition
    New Construction
    Standard status
    Active
    Parking features
    None
    Lot size
    22.01 Acres

    Utilities

    Heating system
    None (Heating)
    Cooling system
    None (Cooling)

    Building Details

    Building materials
    Other
    Architectural style
    Other

    Long & Foster Real Estate (888) 536-0216

    Listing agent Michelle B Hodos (888) 536-0216

    Listing date Jul 12, 2025

    MLS# MDWA2028406 Listing URL

    Copyright © 2025 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    HAGERSTOWN Commercial Land Near I-81

    This commercial real estate offering consists of approximately 22 acres. The property is zoned POM with a new text overlay to allow for wider usage. Approximately 6 acres bordering Insurance Way are developable. The remaining buffer of approximately 16 acres is comprised of forest easements and designated flood plain. All major utilities are available to the site. There is potential for further subdivision. The property borders I-81, offering potential signage and visibility. Buyers should confirm if the property is still in the designated Enterprise Zone, which includes potential economic development incentives and tax credits for qualifying businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.76211782
    Latitude
    39.64567508

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    FAQs

    What type of property is this?
    Commercial land - 22 acres of commercial real estate near I-81.
    Where is this commercial land located?
    The property is located at Insurance Way Hagerstown, MD.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - ±22 acres of prime commercial real estate near I-81.; - Zoned POM with new text overlay allowing wider usage.; - **±6 acres bordering Insurance Way are developable.**
    (888) 536-0216
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    Insurance Way Hagerstown, MD 21740
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    Hagerstown, MD 21740
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Insurance Way Hagerstown, MD 21740
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