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    Eastern Blvd Hagerstown, MD 21740

    Sponsored
    For Sale
    Contact for pricing

    Five-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional five-acre commercial land parcel presents a unique investment opportunity in Hagerstown, Maryland. Located on Eastern Boulevard North, this property boasts a highly desirable CG zoning designation, opening doors to a wide range of commercial development possibilities. The substantial lot size offers ample space for various projects, from retail centers and office buildings to light industrial facilities. A significant advantage is the existing on-site stormwater quantity management system, streamlining the development process and reducing potential infrastructure costs. The property benefits from excellent visibility and accessibility, situated on Eastern Boulevard, a major thoroughfare with high traffic volume. Specifically, the site enjoys proximity to Route 40, experiencing a combined daily traffic count of 59,524 vehicles (39,082 ADT on Route 40 and 20,442 ADT on Eastern Boulevard). This strategic location ensures high visibility and convenient access for potential businesses and customers. The property's address is Eastern Blvd N, Hagerstown, MD 21740, within Washington County. This is a rare opportunity to acquire a sizable, well-located commercial land parcel in a growing market. Serious inquiries are encouraged.

    Property Features for 0 Eastern Blvd

    General Information

    Property type
    Land
    Lot Size
    217,800 SF

    HighLights

    • 5‑acre site
    • CG Zoning
    • On‑site stormwater management
    • High traffic counts: 39,082 ADT on Rt. 40/Eastern Blvd
    • Eastern Blvd traffic: 20,442 ADT
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hagerstown
    County
    Washington
    State
    Maryland
    Longitude
    -77.6924097
    Latitude
    39.6445154

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    FAQs

    What type of property is this?
    Land - Five-acre commercial lot, prime location.
    Where is this land located?
    The property is located at Eastern Blvd Hagerstown, MD.
    What are key features of this property?
    This property features: 5-acre site; CG Zoning; On-site stormwater management
    Request Owner's contact information
    Eastern Blvd 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
    Eastern Blvd Hagerstown, MD 21740
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