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Industrial-Flex New! - Multi-Use - 44,000 RSF 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, MD 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, including offices
Executive Summary
NEW LISTING! TOTAL RENOVATION. -- Business-User Facility - Industrial, Flex, Manufacturing, Storage possible. - Super-clean modernization. 31,464 RSF. First Level. In addition, there are two restored Lower Levels containing a total of 13,286 RSF; 44,700 RSF total building. Adjoining 3,961 SF fenced Impound Yard; 1,579 SF of this impound yard is sheltered; contiguous to Impound Yard owner has installed a Roll-up entrance door for Lower Level No. 1. Industrial/flex/manufacturing/storage possible uses. Property served as former HQ plant for Maryland Ribbon Co. Quick possession. Contact Syd Machat CCIM for details.
Taxes & Operating Expenses (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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-
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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 | No. Dock-High Doors/Loading | 2 |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 5 |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 1.03 AC | ||
| 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 |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 5 |
| Opportunity Zone |
Yes |
| Zoning | IR - Industrial Restricted (IR) |
Amenities
- Fenced Lot
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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Industrial-Flex New! - Multi-Use - 44,000 RSF | 651 N Prospect St
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