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    FOR LEASE
    Strip malls

    11205 John F Kennedy Dr, Hagerstown, MD 21742

    25,100 SF 1.78 ac lot Built 2008
    Entity Owned 12-yr Hold ~ Est. High Equity
    Property ID
    US40-0042248
    Property summary
    AI-generated overview

    Rosewood Commons, located at 11205 John F Kennedy Dr in Hagerstown, MD 21742, offers exceptional medical office space for lease. This two-story building totals 24,000 square feet and features a diverse mix of retail, office, and restaurant tenants, including a Safron Bakery and fitness center. Currently, there are multiple spaces available, with the largest contiguous space measuring 1,545 square feet and a total of 3,090 square feet currently vacant. The building is situated in Washington County and provides convenient access for patients and staff. The available spaces are ideal for a variety of medical practices seeking a well-established location within a thriving commercial center. The flexible space allows for customization to meet individual business needs. Interested parties should inquire about lease terms and available space configurations. The property's diverse tenant mix creates a vibrant and convenient environment for both businesses and their clients. This is a fantastic opportunity to establish or expand your medical practice in a high-traffic area of Hagerstown. The building's location offers excellent visibility and accessibility, ensuring a strong patient base. Don't miss this chance to secure prime medical office space in a desirable location.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2008
    Total area 25,100 SF
    Lot 1.78 ac (77,537 SF)
    Zoning code RS-PU
    APN 18-046709
    UPID US40-0042248
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Mango Grill Restaurant
    • Rosewood Liquors Specialty Food Shop Wine and Liquor Store
    • Hummus Mediterranean Grill Restaurant
    • Royal Pawn Brokers Discount Store (Bike/Boat/Book/etc) Store
    • Teriyaki House Hagerstown Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $620k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $843k
    Blend (final) Blend
    $730k
    Owner & transaction history
    Rosewood Commons LLC · 12 yrs held
    Rosewood Commons LLC
    since 2014
    2 recorded transactions
    2014
    1969
    Zoning & alternative use
    RS-PU · Hagerstown, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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