Property profile

of Sharpsburg Pike & I-70 Cor Hagerstown, MD 21740

OFF-MARKET
Land
5.99 ac lot
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Property summary

AI-generated overview

This exceptional 5.99-acre commercial land parcel is strategically located at the northeast corner of Sharpsburg Pike (MD-65) and Interstate 70 in Hagerstown, Maryland, zip code 21740. The property boasts a highly desirable Highway Interchange zoning, allowing for a wide range of development opportunities. Its prime location directly across from the 450,000 square foot Hagerstown Premium Outlets Mall ensures exceptional visibility and accessibility. With over 72,000 vehicles passing daily, this site offers unparalleled exposure to a large consumer base. Preliminary plans have already been developed for a 95,735 square foot self-storage facility and a combined 5,000 square foot restaurant and 92-room hotel, demonstrating the significant potential for various commercial ventures. The property's APN numbers are 10-025400, 10-065171, 10-018404, and 10-000831. This is a rare opportunity to acquire a high-traffic, highly visible commercial land parcel in a thriving market. The asking price is $1,317,800.

Property profile

Verified
Property type Land
Lot 5.99 ac (260,924 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

of Sharpsburg Pike & I-70 Cor Hagerstown, MD 21740
Hagerstown metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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