223 Prospect St Hagerstown, MD 21740
- Office buildings
- 43,788 SF
- 0.35 lot acres
Current Use by Public Records
- INTHELOOP LLC / Entertainment Agency
- Streamline IT Solutions LLC / Computer Consultant
- First Works Capital Solutions, LLC / Mortgage Lender
- Eco Land Solutions, LLC / Civil Engineer / Engineering Consultant
- Westview Business Center / Business Center / Corporate Office
Property Details for 223 Prospect St
- Year built
- 1900
- Lot size
- 0.35 lot acres
- Property size
- 43,788 SF
- Zone code
- IR
- Property type
- Office buildings
- APN
- 25-034597
- APU
- 25034597
Description
This exceptional 750-square-foot office space is ideally situated at 223 N Prospect St in Hagerstown, Maryland, within Washington County. The property is available for lease as a single-tenant occupancy, presenting a fantastic opportunity for businesses seeking a move-in ready solution. Categorized as both Executive and Creative Office space, this versatile suite offers ample room for a variety of professional uses. The building's total square footage mirrors the available space, ensuring complete privacy and control. The address is conveniently located in Hagerstown, MD, zip code 21740, providing easy access to local amenities and transportation networks. This is a single-tenant space, eliminating the complexities of shared occupancy. The property's classification as both Executive and Creative Office space suggests a flexible layout adaptable to diverse business needs. The location in Washington County, Maryland, offers access to a thriving business community and a strong local workforce. This turnkey office suite is ready for immediate occupancy, minimizing setup time and allowing businesses to focus on their core operations. Interested parties are encouraged to inquire further to explore the possibilities this prime Hagerstown location offers. The property is easily accessible via its address at 223 N Prospect St. The 750 square feet provide a comfortable and efficient workspace. This is a single-tenant space, ideal for businesses seeking privacy and control over their office environment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $985,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $955,000
- 6.5%
- $1,000,000
- 7%
- $1,160,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,235,000
- Geo Method
- $1,020,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,140,000
- Retail
- $1,195,000
- Mixed-Use
- $1,080,000
- Hospitality
- $1,200,000
- Educational
- $955,000
- Residential Income
- $1,190,000
- Energy
- $1,220,000
- Income-Based Land
- $1,205,000
- Food Service
- $900,000
Location Insight
- Map
- Local Demand
- City
- Hagerstown
- County
- Washington
- State
- Maryland
- Longitude
- -77.7223
- Latitude
- 39.6469
- CBSA code
- 25180
- CBSA name
- HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA