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    Commercial Property with High Traffic Exposure Title is generated by Realmo AI

    4028 HANOVER Pike, Manchester, MD 21102

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    Claim this Listing
    For Sale
    $4,000,000

    10.48-acre commercial property with C-3 zoning and five buildings.

    Type:Commercial
    Property size:
    16,000 SF
    Lot size:
    10.48 Acres
    Price / SF:
    $250/SF
    Added:
    Apr 24, 2026
    Days on Market:
    50
    Last Refresh:
    Apr 24 at 8:34 pm

    Property Features for 4028 HANOVER Pike

    General Information

    Standard status
    Active
    Size
    16,000 SF
    Lot size
    10.48 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2015

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    Listing Contact
    Samrat Behl

    Listing agent Samrat Behl

    Listing office NORTHROP REALTY

    Listing date Apr 24, 2026

    Source Elliman

    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 NORTHROP REALTY

    HighLights

    • 10.4816‑acre commercial property with C‑3 zoning, the highest commercial classification in Carroll County, allowing for a wide variety of uses.
    • High traffic exposure: Full frontage on Hanover Pike with approximately 22,000–27,000 vehicles per day (VPD).
    • Improved with five buildings totaling approximately 16,000 SF, currently operating as a used car dealership, tire shop, inspection point, service and repair facility, and body shop.
    • Fully equipped body shop with four oversized bays capable of accommodating ambulances or larger vehicles, with heating installed.
    • Parking capacity for 200+ vehicles.
    • Permissible uses include retail, gas station/convenience store, auto dealerships, or senior/assisted living facilities.

    Overview

    This 10.4816-acre commercial property, currently operating as a used car dealership, tire shop, inspection point, service and repair facility, and body shop, features C-3 zoning, the highest commercial zoning classification in Carroll County, allowing for a wide variety of commercial uses. The site has frontage along Hanover Pike from Ebbyvale Road and benefits from traffic exposure of approximately 22,000–27,000 vehicles per day. The property includes five buildings totaling approximately 16,000 SF. Improvements include a two-level main office and showroom building with administrative offices for sales, finance, management, and tag/title operations; a 7-bay service and tire facility with alignment equipment, customer waiting area, office space, and upper-level storage or parts area; a separate office/support building with front and rear access and bathroom facilities; a fully equipped body shop with four oversized bays capable of accommodating ambulances or larger vehicles, with heating installed; and an additional three-bay service building suitable for car wash or light service use. The site also offers parking capacity for 200+ vehicles. Permissible uses under C-3 zoning may include a strip retail center with an anchor tenant, a gas station with a convenience-oriented pit stop concept, branded auto dealerships, or senior and assisted living facilities. The property’s size, zoning, and location allow it to serve both the Carroll County and Hanover markets and offer long-term potential.

    Local Financial Insights For 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 $345.6k $21.60
    − Vacancy −$22.1k −$1.38
    EGI $323.5k $20.22
    − OpEx −$97.1k −$6.07
    NOI $226.5k $14.15
    16,000 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $3.24M
    $2.83M – $3.77M (±1% cap)
    NOI $226,461 @ 7.0% cap · market cap 5.66%
    Second Best
    Specialty Retail
    $2.67M
    $2.33M – $3.11M (±1% cap)
    NOI $186,732 @ 7.0% cap · market cap 4.67%
    Theoretical Best
    Office A
    $5.93M
    $5.19M – $6.92M (±1% cap)
    NOI $415,354 @ 7.0% cap · market cap 10.38%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Ron's Automotive Car Dealership Ron's Automotive Service ... Auto Repair Shop Manchester Body Shop Auto Repair Shop

    Suggested Use

    Restaurant Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Storage Facility HVAC Service Bar & Pub Furniture & Home Goods Electronics & Wireless Store Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • U-Haul Neighborhood Dealer — 3037 Main St, Manchester, MD 21102

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Carroll
    State
    Maryland
    Longitude
    -76.8955756
    Latitude
    39.6872148

    FAQs

    What type of property is this?
    Automotive property - 10.48-acre commercial property with C-3 zoning and five buildings.
    Where is this automotive property located?
    The property is located at 4028 HANOVER Pike Manchester, MD.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: 10.4816‑acre commercial property with C‑3 zoning, the highest commercial classification in Carroll County, allowing for a wide variety of uses.; High traffic exposure: Full frontage on Hanover Pike with approximately 22,000–27,000 vehicles per day (VPD).; Improved with five buildings totaling approximately 16,000 SF, currently operating as a used car dealership, tire shop, inspection point, service and repair facility, and body shop.
    More about this property
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