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    1190 Imperial Dr Hagerstown, MD 21740

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    For Sale
    Contact for pricing

    9.97 Acres, Pad-Ready Commercial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 9.97-acre commercial land parcel, known as Light Business Park, presents a prime development opportunity in Hagerstown, Maryland. Located at 1190 Imperial Dr, zip code 21740, this rough-graded, pad-ready site is ideally situated for various commercial uses. The recent completion of a bridge and scenic road extension on Professional Court enhances accessibility and visibility. Its proximity to Meritus Medical Center, the School of Osteopathic Medicine, and Hagerstown Community College makes it particularly attractive for medical, biotech, and life science ventures. The property offers flexibility, allowing for subdivision into parcels as small as 0.9 acres or development of a building up to 145,000 square feet. The seller is open to both fee simple sales and build-to-suit arrangements. Permitted uses include medical practices, research and development labs, offices, professional services, banks, daycare facilities, fitness centers, and retail establishments serving the development's businesses and employees. This location provides excellent access and visibility, making it an exceptional investment opportunity.

    Property Features for 1190 Imperial Dr

    General Information

    Property type
    Land
    Lot Size
    434,293 SF

    HighLights

    • Medical, diagnostic, and lab uses permitted.
    • Research and development labs allowed.
    • Office, business, and professional uses permitted.
    • Scientific and technical services are acceptable.
    • Banks and credit unions are permitted tenants.
    • Child and adult daycare facilities are allowed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.6899803
    Latitude
    39.6414119

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    FAQs

    What type of property is this?
    Land - 9.97 Acres, Pad-Ready Commercial Land
    Where is this land located?
    The property is located at 1190 Imperial Dr Hagerstown, MD.
    What are key features of this property?
    This property features: Medical, diagnostic, and lab uses permitted.; Research and development labs allowed.; Office, business, and professional uses permitted.
    Request Owner's contact information
    1190 Imperial Dr 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
    1190 Imperial Dr Hagerstown, MD 21740
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