Property profile

1423 Dual Hwy Hagerstown, MD 21740

FOR LEASE
Strip malls
Property ID
US40-0315153
45,000 SF 3.7 ac lot Built 1993
Entity Owned 12-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Hotel & Motel Resort
  • Restaurant
  • Restaurant
  • Bank Credit Union
  • Postal Service Courier Service

Location

1423 Dual Hwy Hagerstown, MD 21740
Hagerstown metro Census 11100 HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2014
4 recorded transactions
2024
Price N/A
2014
Price N/A
2000
$3.2M
1969
Price N/A

Zoning & alternative use

BG · Hagerstown, MD
Top alternative use upside
Warehouse, storage $2.1M +35.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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