For Sale
$5,200,000

18450 Showalter RdHagerstown, MD 21742

Value-add office building, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional value-add opportunity presents a two-story, 119,166 square-foot flex/office building situated on 18450 Showalter Rd, Hagerstown, Maryland, 21742. The Class B property, built in 1969 and renovated between 2013 and 2018, currently houses two tenants in a multi-tenant configuration. Offered at $5,200,000 ($43.64/sq ft), this investment boasts significant upside potential. The property benefits from a prime location, less than a quarter-mile from Interstate I-81, providing convenient access to a substantial portion of the US population. Its prominent street frontage on Showalter Rd and proximity to the Washington County Regional Airport further enhance its appeal. The General Industrial zoning permits flexibility for future repositioning strategies, allowing for lease-up of existing vacancies or a complete building repositioning to capitalize on the expanding Tri-State economy and limited supply of comparable properties. This presents a rare chance to acquire a below-replacement-cost asset with strong long-term residual value appreciation and existing cash flow. The building's size and location offer high barriers to entry, mitigating downtime risk.

Highlights

  • High barriers to entry and strong Tri-State economy minimize vacancy risk; value-add potential through lease-up or repositioning.
  • High demand and limited supply of well-located, interstate-accessible properties.
  • Prominent Showalter Road frontage near Washington County Regional Airport.
  • Excellent I-81 access, serving the dense Tri-State population.
  • Strategic I-81 location provides access to one-third of the US population within a day's drive.

Property Details for 18450 Showalter Rd

Property type
Office properties, Office space
Square Feet
119,166 SF
Class
B
Year Built/Renovated
1969/2013
Buildings
1
Stories
2

Location Insight

City
Hagerstown
County
Washington
State
Maryland
Latitude
39.70236517
Longitude
-77.72664817
18450 Showalter Rd, Hagerstown, Maryland

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18450 Showalter Rd
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