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Flex and R&D Building
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7320 Parkway Drive South, Hanover, MD 21076

Flex/R&D building with 10-foot clear ceilings and on-site parking, positioned for access to major roadways.

Property Size56,964 SF
Days on Market49

Property Features for 7320 Parkway Drive South

General Information

Standard status Active
Size 56,964 SF
Property subtype Flex/R&D
Zoning W-1

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Clear Height 10 ft
Listing Agency: St. John Properties - Corporate
Listed By: Lacey Johansson
Source: Sjpi
Added: Jun 12 Changed: Jul 10 Last Checked: Jul 30 at 2:24AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of St. John Properties - Corporate

Investment Insights

Based on property information with market context.

7320 Parkway Drive South is a masonry flex/R&D building configured to support a range of light industrial and research-oriented uses. The facility offers a minimum 10-foot clear ceiling height, providing practical volume for warehouse, lab, and work areas. Parking is available at 4 spaces per 1,000 square feet.

The property is located off MD 100 in the MD 295 corridor, with access to major roadways in the surrounding area. It is described as convenient to Fort Meade, BWI Airport, Baltimore, and Washington, D.C., supporting regional connectivity for employees, vendors, and deliveries.

Zoned W-1, the building is best suited for tenants seeking a flex format with R&D compatibility and straightforward access to the area’s transportation routes. With its masonry construction and functional clear height, it can serve as a base of operations for teams that need both production/storage space and dedicated work areas within a single facility.

Key Highlights

  • 56,964 SF flex/R&D masonry building with convenient access to major roadways in the MD 295 corridor
  • 10 ft. clear minimum ceiling height
  • Zoned W‑1

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Plumbing Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Veterinary Clinic Home Appliance Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10 ft
Clear height
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

311
Businesses Nearby
Well-served
Demand for This Use

Demographics for 21076, MD

22,299
Population
9,553
Households
2.3
Avg Household Size
36
Median Age
55%
College-Educated
96%
High-School Grad
13.1 sq mi
ZIP Area
1,702
Density / Sq Mi
$143,409
Median Household Income
$82,572
Median Earnings
$2,337
Median Rent
$492,100
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Similar Off Market Nearby

  • CML Catering — 1350 Dorsey Rd unit m, Hanover, MD 21076

Frequently Asked Questions

What type of property is this?
Flex space - Flex/R&D building with 10-foot clear ceilings and on-site parking, positioned for access to major roadways.
Where is this flex space located?
The property is located at 7320 Parkway Drive South Hanover, MD.
What are key features of this property?
This property features: 56,964 SF flex/R&D masonry building with convenient access to major roadways in the MD 295 corridor; 10 ft. clear minimum ceiling height; Zoned W‑1
More about this property
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