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    1739-1741 Usa Hagerstown, MD 21740

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    For Sale
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    Hagerstown, MD: Multi-Tenant Retail Opportunity

    Property size:
    16,302 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Tri-State Plaza, located at 1739-1741 Dual Hwy, Hagerstown, Maryland 21740, presents a compelling multi-tenant retail investment opportunity. This 16,302 square foot center is comprised of three buildings and features a strong tenant mix including nationally recognized brands like Chipotle (2,325 sq ft) and MedExpress (7,086 sq ft). Additional tenants include Washco Companies (3,743 sq ft) and Manny's Jewelry (2,324 sq ft). The property is situated on a high-traffic retail corridor in Washington County, boasting daily traffic counts exceeding 78,000 vehicles. Its prime location offers convenient access to Interstate 70 (with over 72,000 CPD), placing it within easy reach of a substantial consumer base. The center benefits from its proximity to numerous other national and local retailers, including Comfort Inn, McDonald's, Sonic, Texas Roadhouse, Hampton Inn, Checkers, Exxon, Bob Evans, and Hair Cuttery. The surrounding area demonstrates strong demographics, with a population exceeding 150,516 within a 10-mile radius and an average household income of $85,191. The property is offered for sale as a whole, with the possibility of selling the Chipotle location separately. The Carter Lumber building, located at the rear of the property, may also be sold separately. This presents a flexible investment opportunity tailored to various buyer needs and preferences. The property is categorized as Pharmacy/Drug, QSR/Fast Food, and Storefront.

    Property Features for 1739-1741 Usa

    General Information

    Property type
    Individual retail properties
    Square Feet
    16,302 SF

    Building Details

    Buildings
    3

    HighLights

    • 16,302 SF multi‑tenant retail center in Hagerstown, MD, anchored by Chipotle and MedExpress.
    • High‑traffic location with over 78,000 vehicles per day and proximity to I‑70 (72,000+ CPD).
    • Strong tenant mix including nationally recognized brands and local businesses.
    • Located near numerous other national retailers, including Comfort Inn, McDonald's, and more.
    • Excellent demographics: Population exceeding 150,516 within a 10‑mile radius, average household income of $85,191.
    • Flexible investment opportunity: Potential for separate sale of Chipotle and/or the Carter Lumber building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.690859117442
    Latitude
    39.613454824509

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    FAQs

    What type of property is this?
    Individual retail property - Hagerstown, MD: Multi-Tenant Retail Opportunity
    Where is this individual retail property located?
    The property is located at 1739-1741 Usa Hagerstown, MD.
    What are key features of this property?
    This property features: 16,302 SF multi-tenant retail center in Hagerstown, MD, anchored by Chipotle and MedExpress.; High-traffic location with over 78,000 vehicles per day and proximity to I-70 (72,000+ CPD).; Strong tenant mix including nationally recognized brands and local businesses.
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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
    1739-1741 Usa Hagerstown, MD 21740
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