901 Burhans BlvdHagerstown, MD 21742

Property Details for 901 Burhans Blvd

Year built

1962

Construction

BRICK

Lot size

7.00 AC

Property size (Sq ft)

75,221 SF

Zone code

CG

Property type

Retail properties

Property subtype

Strip malls

APN

21-006580

APU

21006580

Description

Cressler Plaza, located at 901 N Burhans Blvd in Hagerstown, Maryland, offers exceptional retail and restaurant opportunities. This multi-tenant property boasts a total of 22,500 square feet, with 13,000 square feet currently available for lease. Ideal for businesses seeking flexible space, units can be leased in sizes ranging from a minimum of 6,000 square feet to a maximum contiguous space of 7,000 square feet. The property is conveniently situated in Washington County, zip code 21742, providing excellent access for customers and employees. Ample parking is available with 435 spaces to accommodate patrons and staff. This prime location presents a unique chance to establish or expand your business in a thriving Hagerstown commercial district. The property is classified as both retail and restaurant space, making it suitable for a variety of uses. Inquire today to learn more about leasing options and secure your space at Cressler Plaza.

• CAP approach

  CAP return

  Valuation

  6%

  $26,317,952

  6.5%

  $24,293,494

  7%

  $22,558,244

• Comparable approach

  Method

  Valuation

  Relative Method

  $37,900,012

  Geo Method

  $37,900,012

• Alternative Use

  Use

  Valuation

  Residential

  $20,492,472

  Hospitality

  $18,770,994

  Educational

  $15,617,247

  Medical

  $16,154,348

  Retail

  $24,293,494

Location Insight

City

Hagerstown

County

Washington

State

Maryland

Latitude

39.6577

Longitude

-77.7203

CBSA code

25180

CBSA name

HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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