Property summary
This exceptional 2.7-acre industrial property in Hagerstown, Maryland, presents a rare opportunity. Located at 410 N Burhans Blvd, this flex space boasts a substantial building currently configured as a truck repair and shop facility, complete with office space. The expansive lot features a concreted surface perfect for outdoor storage of heavy equipment, trucks, or inventory, potentially even for commercial mini-storage units. The property benefits from a prime location on a busy three-lane road with two convenient entrances, offering excellent visibility and accessibility. A secondary block outbuilding adds to the versatility of this offering. Zoned "IR" (Industrial Restricted), the property includes a deed restriction against concrete/gravel plant use for 25 years. The location is highly advantageous, situated in downtown Hagerstown with easy access to I-81 and I-70, approximately one hour from the Baltimore-Washington Beltway. Additional income is generated from two existing billboards. The property is also conveniently located within 15 minutes of a local airport and approximately 1.5 hours from three international airports. Note that former concrete plant equipment is included "as is, where is". Asking price is $589,500.
Property profile
VerifiedCap rate & NOI
Current use
-
Building Supply
Location
Value estimations
Owner & transaction history
Zoning & alternative use
IR - Industrial Restricted. It allows offices and less intense manufacturing and warehousing. It is usually located adjacent to residential (e.g., Lee and Sycamore Street area, N. Prospect Street, Prospect Avenue, MD 58…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
IR · Hagerstown, MDIR - Industrial Restricted. It allows offices and less intense manufacturing and warehousing. It is usually located adjacent to residential (e.g., Lee and Sycamore Street area, N. Prospect Street, Prospect Avenue, MD 58…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
IR - Industrial Restricted. It allows offices and less intense manufacturing and warehousing. It is usually located adjacent to residential (e.g., Lee and Sycamore Street area, N. Prospect Street, Prospect Avenue, MD 58…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IR in Hagerstown, MD.
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