Property profile

0 Eastern Blvd Hagerstown, MD 21740

OFF-MARKET
Land
5 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 5 ac (217,800 SF)

Cap rate & NOI

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

Location

Eastern Blvd Hagerstown, MD 21740
Hagerstown metro
Google Maps

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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