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    Property profile & analytics
    OFF-MARKET Estimated value $625,000
    Drive through restaurants

    13014 Pennsylvania Ave, Hagerstown, MD 21742-2739

    2,724 SF 1.94 ac lot Built 1978
    Entity Owned Absentee Owner ~ Est. High Equity
    Property ID
    US40-0921341
    Property summary
    AI-generated overview

    This exceptional free-standing restaurant building presents a rare opportunity in the thriving Hagerstown, MD market. Boasting a generous 2,600 square feet of space on a sizable 1.95-acre lot, this property offers significant potential for a single-tenant user. The building's prime location along Pennsylvania Avenue ensures high visibility and accessibility, benefiting from an estimated 15,000 vehicles per day. Ample parking is provided with 65 spaces, ensuring convenience for patrons. The property's BL zoning allows for a variety of restaurant concepts. Its strategic location places it in close proximity to a cluster of national retailers, including Weis Markets, Lowe's, CVS, Dunkin', and McDonald's, creating a strong synergy and attracting significant foot traffic. The entire 2,600 square feet is currently vacant, providing a blank canvas for a new restaurant venture. The property's parcel number is 27-018734, located within Washington County. This is a turnkey opportunity to establish a successful restaurant business in a high-traffic area with excellent visibility and convenient access. Don't miss this chance to capitalize on the Hagerstown market's growth.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 1978
    Construction BRICK
    Total area 2,724 SF
    Lot 1.94 ac (84,724 SF)
    Zoning code BL
    APN 27-018734
    UPID US40-0921341
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $571k
    Blend (final) Blend
    $625k
    Owner & transaction history
    Gps Hospitality Partners II Ll
    Gps Hospitality Partners II Ll
    1 recorded transaction
    1969
    Zoning & alternative use
    BL · Hagerstown, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $745,000 +3.9%
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