19833 Leitersburg Pike Hagerstown, MD 21742-1473
This exceptional value-add investment opportunity presents a 22,470 square foot multi-tenant office and flex building situated on a 3.44-acre lot in Hagerstown, Maryland. The property, located at 19833 Leitersburg Pike, zip code 21742, boasts a 95% occupancy rate, providing immediate cash flow. The building is zoned BG and offers significant potential for further value enhancement. Recent improvements include a new roof, HVAC system upgrades, and parking lot repairs and resurfacing, minimizing immediate capital expenditure needs. The flexible space caters to a variety of business needs, making it an attractive option for diverse tenants. The substantial lot size presents additional development opportunities, allowing for expansion or the addition of complementary structures. This property represents a stable investment with strong potential for future growth and return. The building's prime location in Hagerstown, Washington County, MD offers easy access to major transportation routes and a thriving local economy. This is a rare opportunity to acquire a well-maintained, high-occupancy commercial property with significant upside potential. Serious inquiries are encouraged.
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Terry Cole, Long & Foster Real Estate, Inc. Real Estate Agency
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BG · Hagerstown, MDHagerstown. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.