Educational Campus with Income
For Sale
Contact for pricing
Pending
Crestwood Dr, Hagerstown, MD 21742
7.28-acre campus with multiple buildings and income potential.
Property Size54,288 SF
Lot Size7.28 Acres
Days on Market959
Property Features for Crestwood Dr
General Information
Standard status
Pending
Size
54,288 SF
Lot size
7.28 Acres
Property subtype
Mixed Use, Office, Special Purpose
Listing Agency:
Berkshire Hathaway HomeService Homesale
Listed By:
Taylor Bowen · License #PA ABR005534
(301) 346-3664
Source:
Crexi
Added: Jan 19, 2024
Changed: Aug 8
Last Checked: Jul 24 at 5:51AM
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 Berkshire Hathaway HomeService Homesale
Investment Insights
Based on property information with market context.
This 7.28-acre campus includes a dormitory/apartment building and two larger office/education buildings. The 13,900 square foot training/office building is currently leased as an office for a three-year period with an option for two additional years. The 25,688 square foot admin/classroom building was most recently operating as a high school, having completed a seven-figure renovation in 2021. The dormitory/apartment building was most recently used for student housing with dorm-style units. The unit mix includes one one-bedroom, one-bathroom unit and eight three-bedroom, one-bathroom units. The one-bedroom unit has already been renovated. With some renovations, the remaining units could be converted into more traditional apartments with an expected monthly rent exceeding $10,000. There is a non-binding LOI for a prospective tenant for the remaining two buildings with confirmation of lease in Spring 2025.
Key Highlights
- 7.28 acre campus with three buildings ideal for educational institutions or investors.
- 25,688 sq ft admin/classroom building recently renovated in 2021.**
- 13,900 sq ft training/office building currently leased with lease option until 2028.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Explore this area
Business Placement
Demographics for 21742, MD
33,069
Population
14,099
Households
2.3
Avg Household Size
42
Median Age
30%
College-Educated
90%
High-School Grad
46.5 sq mi
ZIP Area
711
Density / Sq Mi
$80,533
Median Household Income
$45,717
Median Earnings
$1,267
Median Rent
$280,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
School - 7.28-acre campus with multiple buildings and income potential.
Where is this school located?
The property is located at Crestwood Dr Hagerstown, MD.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 7.28 acre campus with three buildings ideal for educational institutions or investors.; 25,688 sq ft admin/classroom building recently renovated in 2021.**; 13,900 sq ft training/office building currently leased with lease option until 2028.
