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FLEX - TOTALLY Rehabbed! Owner Fin. 651 N Prospect St 44,700 SF Industrial Building Hagerstown, MD 21740 $2,900,000 ($64.88/SF)
Investment Highlights
- Ready access to I-81, I-70, I-270 to Balto-Wash Metro areas. -- NEW High-Growth Hagerstown Logistics Market
- Totally Renovated - Unique floor plan lends itself to multi-function businesses - future expansion space
- Property was once a forner HQ plant for the Maryland Ribbon Co. - A nationally recognized firm
- 44,726 RSF Modernized Industrial-Flex Building - Two Lower Levels for Added Storage Possibilities
- Zoned for Light Industrial: Industrial Restricted (IR) - wide variety of Principal Permitted Uses
- Owner-financing available for prequalified prospective purchasers
Executive Summary
NEW LISTING! TOTALLY RENOVATED . -- Business-User Facility for Expanding Companies. - Owner-financing is available to pre-qualified prospective purchaser. Industrial, Flex, Manufacturing, Storage, Special Purpose all possible. - Super-clean modernization. Spacious first level is 31,464 RBA. In addition, there are two restored Lower Levels containing a total of 13,286 RBA; 44,700 RBA building total. Includes adjoining 3,961 RBA Impound Yard; 1,579 RBA of this impound yard (or use for added parking lot)as sheltered portion; contiguous to Impound Yard owner has a new Roll-up entrance door. Property served as the HQ for nationally-recognized Maryland Ribbon Co. Front showroom, private office, sprinklered on all levels, new baths. Divisible floor plan. - Quick possession. Flexible "IR" City Zoning classification. Excellent location downtown with quick access to I-70 & I-81 to Balto-Washington Metro Areas. Contact Syd Machat, CCIM.
Taxes & Operating Expenses (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2026) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,900,000 | Rentable Building Area | 44,700 SF |
| Price Per SF | $64.88 | No. Stories | 1 |
| Sale Type | Owner User | Year Built/Renovated | 1957/2025 |
| Property Type | Industrial | Parking Ratio | 0.22/1,000 SF |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 2 |
| Building Class | B | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 1.03 AC | Opportunity Zone |
Yes
|
| Zoning | IR - Industrial Restricted (IR) | ||
| Price | $2,900,000 |
| Price Per SF | $64.88 |
| Sale Type | Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.03 AC |
| Rentable Building Area | 44,700 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1957/2025 |
| Parking Ratio | 0.22/1,000 SF |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 3 |
| Opportunity Zone |
Yes |
| Zoning | IR - Industrial Restricted (IR) |
1 1
Property Taxes
| Parcel Number | 25-027736 | Improvements Assessment | $110,300 (2025) |
| Land Assessment | $106,700 (2025) | Total Assessment | $217,000 (2025) |
Property Taxes
Parcel Number
25-027736
Land Assessment
$106,700 (2025)
Improvements Assessment
$110,300 (2025)
Total Assessment
$217,000 (2025)
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FLEX - TOTALLY Rehabbed! Owner Fin. | 651 N Prospect St
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