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    OFF-MARKET
    Land

    1190 Imperial Dr, Hagerstown, MD 21740

    9.97 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 9.97 ac (434,293 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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