265 Mill StHagerstown, MD 21740

Property Details for 265 Mill St

Year built

1990

Construction

BRICK

Lot size

0.96 AC

Property size (Sq ft)

12,050 SF

Zone code

POM

Property type

Office properties

Property subtype

Office buildings

APN

17-019546

APU

17019546

Description

This exceptional medical or professional office space, located at 265 Mill Street, Suite 800, Hagerstown, Maryland 21740, offers 1,890 contiguous square feet of immediately available space. The suite is individually metered and boasts a thoughtfully designed layout including seven private offices, a reception/waiting area, one bathroom, and ample storage. The space is part of a larger 3,460 square foot building with multiple tenants. The minimum divisible space is 1,840 square feet. The building is strategically situated in Washington County, offering convenient access to major medical facilities, including Merit Health Hospital and Robinwood Medical Center, ensuring a prime location for medical professionals. This move-in ready space presents a fantastic opportunity for practices seeking efficient and well-appointed office accommodations in a thriving medical hub. The total vacant space in the building is 3,730 square feet. This property is ideal for a medical practice seeking a modern and functional space in a highly accessible location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,868,024

  6.5%

  $2,647,406

  7%

  $2,458,306

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,409,277

  Geo Method

  $2,409,277

• Alternative Use

  Use

  Valuation

  Residential

  $3,282,784

  Hospitality

  $3,007,012

  Educational

  $2,501,799

  Medical

  $2,587,840

  Retail

  $3,891,687

Location Insight

City

Hagerstown

County

Washington

State

Maryland

Latitude

39.6343

Longitude

-77.7163

CBSA code

25180

CBSA name

HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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