18122 Oak Ridge DrHagerstown, MD 21740

Property Details for 18122 Oak Ridge Dr

Year built

1960

Construction

BRICK

Lot size

2.84 AC

Property size (Sq ft)

13,552 SF

Zone code

IG

Property type

Industrial properties

Property subtype

Other warehouses

APN

10-023823

APU

10023823

Description

This 11,897-square-foot flex space industrial building, situated on a 2.94-acre lot in Hagerstown, Maryland, presents a compelling investment opportunity. Built in 1900 and extensively renovated in 2020, the property boasts a Class B rating and is currently vacant, offering immediate occupancy. The single-story building features 15-foot ceilings, two loading docks, and two dock-high doors, along with two additional roll-up doors. The property is zoned IG and offers ample power (240V) and gas heating. Updated offices and excellent connectivity are key features. Its strategic location provides easy access to I-70, placing it in close proximity to major transportation arteries. The property's adjacency to an Amazon distribution center and other industrial facilities further enhances its appeal. The layout is easily divisible, allowing for potential owner-occupancy and leasing of a separate unit. This fee-simple ownership provides complete control and potential for significant return on investment. The property's size and features make it suitable for a variety of industrial and flex uses. The asking price is $1,450,000. This is a rare opportunity to acquire a well-maintained, strategically located industrial property in a thriving market.

• Alternative Use

  Use

  Valuation

  Residential

  $3,691,974

  Hospitality

  $3,381,828

  Educational

  $2,813,642

  Medical

  $2,910,407

  Retail

  $4,376,776

Location Insight

City

Hagerstown

County

Washington

State

Maryland

Latitude

39.6124

Longitude

-77.7423

CBSA code

25180

CBSA name

HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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