Property summary
This exceptional 5,850-square-foot medical office building presents a unique investment opportunity in Hagerstown, Maryland. Located at 1150 Opal Ct, 21740, this property boasts a prime location just off Eastern Blvd. and Dual Highway, offering convenient access to Meritus Hospital and the Robinwood Medical complex via the newly constructed bridge on Professional Blvd. Built circa 2000, the building features a distinctive custom brick exterior with arched windows and a hip-style roof incorporating centralized skylights. Currently configured for retina specialists, the adaptable floor plan includes two reception areas and is well-suited for a variety of medical or professional uses. The building is in excellent condition and offers an innovative layout. An offering memorandum is available upon request. The asking price is $1,750,000, translating to $299.15 per square foot. Estimated possession is July 31, 2024. This property represents a rare chance to acquire a high-quality medical office building in a thriving healthcare market. The building's attractive features, strategic location, and strong potential for future growth make it an ideal investment for discerning buyers.
Property profile
VerifiedCap rate & NOI
Current use
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Ophthalmologist
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Ophthalmologist
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Ophthalmologist
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Ophthalmologist
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Ophthalmologist
Location
Value estimations
Owner & transaction history
Zoning & alternative use
POM - Professional Office Mixed-Use. It is mainly an office park area with limited retail and restaurants permitted (e.g., Light Business Park, MKS Business Park, Florida Avenue, Mill Street, E. Antietam east of Cannon,…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
POM · Hagerstown, MDPOM - Professional Office Mixed-Use. It is mainly an office park area with limited retail and restaurants permitted (e.g., Light Business Park, MKS Business Park, Florida Avenue, Mill Street, E. Antietam east of Cannon,…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
POM - Professional Office Mixed-Use. It is mainly an office park area with limited retail and restaurants permitted (e.g., Light Business Park, MKS Business Park, Florida Avenue, Mill Street, E. Antietam east of Cannon,…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for POM in Hagerstown, MD.
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