Property profile

901 Burhans Blvd Hagerstown, MD 21742

OFF-MARKET
Strip malls
Property ID
US40-1316319
75,221 SF 7 ac lot Built 1962
Entity Owned 18-yr Hold Free & Clear
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Property summary

AI-generated overview

Cressler Plaza, located at 901 N Burhans Blvd in Hagerstown, Maryland, offers exceptional retail and restaurant opportunities. This multi-tenant property boasts a total of 22,500 square feet, with 13,000 square feet currently available for lease. Ideal for businesses seeking flexible space, units can be leased in sizes ranging from a minimum of 6,000 square feet to a maximum contiguous space of 7,000 square feet. The property is conveniently situated in Washington County, zip code 21742, providing excellent access for customers and employees. Ample parking is available with 435 spaces to accommodate patrons and staff. This prime location presents a unique chance to establish or expand your business in a thriving Hagerstown commercial district. The property is classified as both retail and restaurant space, making it suitable for a variety of uses. Inquire today to learn more about leasing options and secure your space at Cressler Plaza.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1962
Construction BRICK
Total area 75,221 SF
Lot 7 ac (304,920 SF)
Zoning code CG
APN 21-006580
UPID US40-1316319

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
  • Bank Credit Union
  • Gym & Fitness Center Sports Field & Court
  • Atm

Location

901 Burhans Blvd Hagerstown, MD 21742-3173
Hagerstown metro Census 200 HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.53M
Blend (final) Blend
$1.54M

Owner & transaction history

since 2008
4 recorded transactions
2024
Price N/A
2008
Price N/A
2004
Price N/A
1969
Price N/A

Zoning & alternative use

CG · Hagerstown, MD
Zoning description

The purpose of this zoning district is to provide locations for businesses of a general nature to serve the community.

General category COMMERCIAL

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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