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    Property profile & analytics
    FOR LEASE
    Strip malls

    1423 Dual Hwy, Hagerstown, MD 21740

    45,000 SF 3.7 ac lot Built 1993
    Entity Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US40-0315153
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1993
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 45,000 SF
    Lot 3.7 ac (161,041 SF)
    Zoning code BG
    APN 10-006813
    UPID US40-0315153
    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
    • Leap Events Center Hotel & Motel Resort
    • Ledo Pizza Hagerstown, MD Restaurant
    • Mobay Restaurant & Caterers Restaurant
    • Western Union Bank Credit Union
    • FedEx Drop Box Postal Service Courier Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.58M
    Blend (final) Blend
    $1.58M
    Owner & transaction history
    Foxshire Plaza Commercial LLC · 11 yrs held
    Foxshire Plaza Commercial LLC
    since 2014
    4 recorded transactions
    2024
    2014
    2000
    $3.2M
    1969
    Zoning & alternative use
    BG · Hagerstown, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $2.1M +35.3%
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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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