Former Restaurant Redevelopment
16715 National Pike Hagerstown, MD 21740
16715 National Pike, Hagerstown, MD, 21740
Contact for pricing
For Sale
Contact for pricing
Former restaurant available for redevelopment with high visibility.
Property Size5,500 SF
Price / SF$131.82
Days on Market669
Property Features for 16715 National Pike
General Information
- Standard status
- Active
- Size
- 5,500 SF
- Property subtype
- Retail
Listing Agency
Friend Commercial Real Estate
(410) 449-1074
Listed by
Ted Kroos · License #310309
Source
Crexi
Added: Sep 18, 2024 Checked: Jul 17 at 3:10 am
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 Friend Commercial Real Estate
Investment Insights
Based on property information with market context.
This property, formerly a restaurant, presents a redevelopment opportunity. The site offers high visibility. The property size is 5,500 square feet.
Key Highlights
- High visibility location
- Redevelopment opportunity
- Former restaurant
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.5k | $15.00 |
| − Vacancy | −$8.2k | −$1.49 |
| EGI | $74.3k | $13.52 |
| − OpEx | −$18.6k | −$3.38 |
| NOI | $55.7k | $10.14 |
5,500 SF · lease $15.00/SF/yr · vacancy 9.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$796.4K
$696.9K – $929.2K
NOI $55,749 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,401 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Petpals crossing paws ...
Bahá'Í House Of Worship
Richard Henry's
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Taste of the island — 524A Rhode Island Ave, Hagerstown, MD 21740
FAQs
What type of property is this?
Restaurant - Former restaurant available for redevelopment with high visibility.
Where is this restaurant located?
The property is located at 16715 National Pike Hagerstown, MD.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: High visibility location; Redevelopment opportunity; Former restaurant
