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    1423 Dual Hwy Hagerstown, MD 21740

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    For Sale
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    Hagerstown, MD shopping center, high traffic

    Property size:
    47,410 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Foxshire Plaza, a thriving 47,410 square foot retail center, is strategically located at 1423 Dual Hwy in Hagerstown, Maryland, zip code 21740, within Washington County. This multi-tenant property boasts a diverse mix of established businesses including Dollar General, Dunkin', and H&R Block, among others. The center benefits from a high-traffic location on a major retail corridor, experiencing daily traffic counts exceeding 78,000 vehicles. Its prime position offers excellent visibility and accessibility, further enhanced by its proximity to Hagerstown Community College, Meritus Health Center, local schools, and Interstate 70 (with over 72,000 vehicles daily). The surrounding area is densely populated, with over 150,516 residents and an average household income of $85,191 within a 10-mile radius. Nearby competitors include well-known national chains such as Martin's, Weis, CVS, Walgreens, Aldi, Lidl, McDonald's, Burger King, Sheetz, Texas Roadhouse, and Chipotle, indicating a strong retail environment. The property's location also benefits from the presence of several hotels, including Days Inn and Quality Inn, and numerous residential and apartment complexes. This established center presents a compelling investment opportunity in a robust and growing market. The property is conveniently located approximately 35 minutes from Frederick, MD, 75 minutes from Baltimore, MD, and 75 minutes from Washington, DC.

    Property Features for 1423 Dual Hwy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    47,410 SF

    HighLights

    • Foxshire Plaza is a retail property for sale in Hagerstown, MD, situated on a high‑traffic retail corridor with over 78,000 cars per day.
    • The property enjoys a prime location near Hagerstown Community College, Meritus Health Center, I‑70 (72,000+ CPD), and local schools.
    • Nearby retailers include major chains like Martin's, Weis, CVS, and numerous restaurants, along with hotels.
    • The site benefits from a strong demographic profile, with a population of 150,516 and an average household income of $85,191 within a 10‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Leap Events Center Event Venue Ledo Pizza Hagerstown, ... Pizza Restaurant Mobay Restaurant & Caterers Jamaican Restaurant Western Union Money Transfer Service FedEx Drop Box Mailing Service

    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
    -77.69826308
    Latitude
    39.62486595

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    FAQs

    What type of property is this?
    Lifestyle center - Hagerstown, MD shopping center, high traffic
    Where is this lifestyle center located?
    The property is located at 1423 Dual Hwy Hagerstown, MD.
    What are key features of this property?
    This property features: Foxshire Plaza is a retail property for sale in Hagerstown, MD, situated on a high-traffic retail corridor with over 78,000 cars per day.; The property enjoys a prime location near Hagerstown Community College, Meritus Health Center, I-70 (72,000+ CPD), and local schools.; Nearby retailers include major chains like Martin's, Weis, CVS, and numerous restaurants, along with hotels.
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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
    1423 Dual Hwy Hagerstown, MD 21740
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