10306 Sharpsburg PikeHagerstown, MD 21740

Property Details for 10306 Sharpsburg Pike

Year built

1900

Construction

BRICK

Lot size

0.34 AC

Property size (Sq ft)

5,410 SF

Zone code

HI

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

10-010969

APU

10010969

Description

This 4,000 square foot retail space in Hagerstown, Maryland, is ideally situated on Sharpsburg Pike, a major retail corridor with over 21,000 cars passing daily. The property's convenient location offers excellent visibility and accessibility, placing it near a thriving commercial hub including national and local retailers such as Walmart and Hagerstown Premium Outlets. The building's previous use as a vape shop and its suitability for convenience stores, pharmacies, or quick-service restaurants provides versatility for a variety of businesses. Its proximity to I-70 (with 72,000 CPD) further enhances its strategic position. The surrounding area boasts a strong demographic profile, with a population exceeding 150,516 within a 10-mile radius and an average household income of $85,190. This location offers significant potential for a new business to thrive in a high-traffic, established commercial area. The property is located in Washington County, Maryland, with the address being 10306 Sharpsburg Pike, Hagerstown, MD 21740. This presents a unique opportunity for investors and entrepreneurs seeking a well-positioned retail space in a growing market, approximately 35 minutes from Frederick, MD, 75 minutes from Baltimore, MD, and 75 minutes from Washington, DC.

• CAP approach

  CAP return

  Valuation

  6%

  $1,287,636

  6.5%

  $1,188,587

  7%

  $1,103,688

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,081,675

  Geo Method

  $1,081,675

• Alternative Use

  Use

  Valuation

  Residential

  $1,473,847

  Hospitality

  $1,350,036

  Educational

  $1,123,214

  Medical

  $1,161,843

  Retail

  $1,747,222

Location Insight

City

Hagerstown

County

Washington

State

Maryland

Latitude

39.5975

Longitude

-77.7306

CBSA code

25180

CBSA name

HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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