775 Frederick St 36,000 SF Industrial Building Hagerstown, MD 21740 $2,900,000 ($80.56/SF)

Marcus & Millichap is pleased to exclusively represent the ownership in the sale or lease of 775 Frederick Street, Hagerstown, MD 20723. The IR-zoned property sits at the intersection of First Street and Frederick Street, providing easy access to major transportation routes.
The +/- 36,000 SF warehouse was renovated in 2024, and the owner is willing to make further modifications for a tenant or purchaser. The building was previously occupied by Community Depot, a factory-direct paper wholesaler and prior to that, Capitol Building Supply. IR-zoning allows for various light industrial uses, including manufacturing and office uses.
The building has three loading docks in the rear of the building and two drive-in doors. Additional drive-in doors could be added on two sides of the building. The property also has numerous knockout panels that could be removed to create large windows throughout the property.
Ceiling heights range from 14’6” to 12’2”. The property also offers an outdoor storage area that is currently being expanded by clearing trees along the back of the building The rear outdoor storage area and loading area will be 1.21 acres once cleared. There is ample parking in front of the building and additional parking can be shared with the adjacent self-storage building.
The property is located 3-minutes from Route 40, 6-minutes to I-70 and 10 minutes to I-81. It is surrounded by various industrial and retail properties plus some nearby single-family homes.
The property is being offered either for sale or for lease. IR zoning allows for various industrial, and office uses. The owner is willing to make further building modifications for a new owner or tenant. Those improvements could include adding large windows, additional drive-in doors, paving the rear IOS and loading area, or other interior buildout.