1190 Imperial Dr, Hagerstown, MD 21740
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.