223 Prospect StHagerstown, MD 21740

Property Details for 223 Prospect St

Year built

1900

Lot size

0.35 AC

Property size (Sq ft)

43,788 SF

Zone code

IR

Property type

Office properties

Property subtype

Office buildings

APN

25-034597

APU

25034597

Description

This exceptional 750-square-foot office space is ideally situated at 223 N Prospect St in Hagerstown, Maryland, within Washington County. The property is available for lease as a single-tenant occupancy, presenting a fantastic opportunity for businesses seeking a move-in ready solution. Categorized as both Executive and Creative Office space, this versatile suite offers ample room for a variety of professional uses. The building's total square footage mirrors the available space, ensuring complete privacy and control. The address is conveniently located in Hagerstown, MD, zip code 21740, providing easy access to local amenities and transportation networks. This is a single-tenant space, eliminating the complexities of shared occupancy. The property's classification as both Executive and Creative Office space suggests a flexible layout adaptable to diverse business needs. The location in Washington County, Maryland, offers access to a thriving business community and a strong local workforce. This turnkey office suite is ready for immediate occupancy, minimizing setup time and allowing businesses to focus on their core operations. Interested parties are encouraged to inquire further to explore the possibilities this prime Hagerstown location offers. The property is easily accessible via its address at 223 N Prospect St. The 750 square feet provide a comfortable and efficient workspace. This is a single-tenant space, ideal for businesses seeking privacy and control over their office environment.

• CAP approach

  CAP return

  Valuation

  6%

  $10,421,993

  6.5%

  $9,620,301

  7%

  $8,933,137

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,754,973

  Geo Method

  $8,754,973

• Alternative Use

  Use

  Valuation

  Residential

  $11,929,173

  Hospitality

  $10,927,059

  Educational

  $9,091,185

  Medical

  $9,403,844

  Retail

  $14,141,843

Location Insight

City

Hagerstown

County

Washington

State

Maryland

Latitude

39.6469

Longitude

-77.7223

CBSA code

25180

CBSA name

HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].