1423 Dual HwyHagerstown, MD 21740

Property Details for 1423 Dual Hwy

Year built

1993

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.70 AC

Property size (Sq ft)

45,000 SF

Zone code

BG

Property type

Retail properties

Property subtype

Strip malls

APN

10-006813

APU

10006813

Description

Foxshire Plaza, located at 1423 Dual Highway in Hagerstown, Maryland, presents a prime retail opportunity. This established shopping center offers a total of 47,025 square feet of retail space, with a currently available space ranging from 1,116 to 1,500 square feet. The minimum divisible space is 1,500 square feet, and the maximum contiguous space available is also 1,500 square feet. A total of 3,000 square feet is currently vacant within the center, providing an excellent chance for a new tenant to establish a presence in a well-located shopping center. The property is situated in Washington County, Maryland, with a convenient zip code of 21740. This location offers high visibility and accessibility for customers, making it an ideal spot for a variety of retail businesses. The property is classified as a multi-tenant shopping center, indicating a vibrant and established commercial environment. This space is perfect for a business seeking a well-established location with existing foot traffic and visibility in a thriving community. The available space provides ample room for a variety of retail uses, offering a flexible layout adaptable to different business needs. Interested parties are encouraged to inquire about this exceptional retail opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $15,744,378

  6.5%

  $14,533,272

  7%

  $13,495,181

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,673,196

  Geo Method

  $22,673,196

• Alternative Use

  Use

  Valuation

  Residential

  $12,259,359

  Hospitality

  $11,229,507

  Educational

  $9,342,818

  Medical

  $9,664,132

  Retail

  $14,533,272

Location Insight

City

Hagerstown

County

Washington

State

Maryland

Latitude

39.6246

Longitude

-77.6984

CBSA code

25180

CBSA name

HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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