18450 Showalter Rd Hagerstown, MD 21742

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.