2 Western Maryland Pkwy, Hagerstown, MD 21740-5999
This exceptional industrial warehouse property, located at 2 Western Maryland Parkway in Hagerstown, Maryland, offers a significant opportunity for businesses seeking flexible space. The building boasts a total of 149,245 square feet, with one space currently available, ranging from 45,402 to the full building size. The layout is front-parked and rear-loaded, featuring impressive dimensions of 977'5" x 275'9" (BOMA, dimensions for rentable SF). The warehouse offers a generous 36' clear height throughout, including a speed bay. Loading is facilitated by 57 dock positions (9'w x 10'h) and two 12'w x 14'h motorized drive-in doors with windows. A substantial 185' deep truck court and 86 trailer drops at 55' depth provide ample maneuvering space. The property includes 252 parking spaces (0.9 per 1,000 SF), offering flexibility for expansion. Bay sizes are 54' x 52'4" and a speed bay of 54' x 65'. Additional outdoor storage area is available. The property features heavy-duty paving designed for 500,000 EAL at driveways, truck court, and potential outdoor and trailer storage areas. A 2,200 sq ft spec office is also included. This prime location in Washington County, Maryland, zip code 21740, provides easy access to major transportation routes. This is an ideal opportunity for businesses seeking a well-equipped, spacious warehouse in a strategic location.
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
HI · 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.