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Insurance Way 22.01 Acres of Commercial Land Offered at $950,000 in Hagerstown, MD 21740

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INVESTMENT HIGHLIGHTS

Visibility from I-81

EXECUTIVE SUMMARY

± 22 acres of prime commercial real estate, a stone’s throw from I-81! Zoned POM but recently secured a text overlay to allow for wider usage. ±6 acres bordering Insurance Way are developable, with the remaining buffer of ±16 acres comprised of forest easements and designated flood plain. All major utilities are available to the site. Potential for further subdivision. Property borders I81 for potential signage and visibility. Buyers to confirm property is still in the designated Enterprise Zone which includes potential economic development incentives and tax credits for qualifying businesses.

Recreation POM text amendment

PROPERTY FACTS

Price	$950,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Retail Office Mixed Use Office Park Restaurant Storefront Storefront, Retail or Office
No. Lots	1	Total Lot Size	22.01 AC
Property Type	Land
Zoning	POM - Professional Office Mixed - Office Parks, Limited Retail and Restaurants. Current text overlay approval in progress to allow for wider usage.

Price	$950,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Retail Office Mixed Use Office Park Restaurant Storefront Storefront, Retail or Office
Total Lot Size	22.01 AC
Zoning	POM - Professional Office Mixed - Office Parks, Limited Retail and Restaurants. Current text overlay approval in progress to allow for wider usage.

1 LOT AVAILABLE

Lot

Price	$950,000	Lot Size	22.01 AC
Price Per AC	$43,162.20

Price	$950,000
Price Per AC	$43,162.20
Lot Size	22.01 AC

Polygonal shaped parcel of land, located along the south side of Insurance Way and west side of I-81 (no access) on the west end of Hagerstown City. All major utilities are available to the site.

DESCRIPTION

± 22 acres of prime commercial real estate, a stone’s throw from I-81! Zoned POM but currently securing a text overlay to allow for wider usage. ±6 acres bordering Insurance Way are developable, with the remaining buffer of ±16 acres comprised of forest easements and designated flood plain. All major utilities are available to the site. Potential for further subdivision. Property borders I81 for potential signage and visibility. Buyers to confirm property is still in the designated Enterprise Zone which includes potential economic development incentives and tax credits for qualifying businesses.

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