Listed by Hyatt Commercial
Unpriced
Light Business Park
Details
APN 266
Property Type Land
Sub Type Commercial
Acreage 0.9 - 9.97
Zoning POM Professional Office-Mixed
Land
Marketing description
Hyatt Commercial Real Estate is pleased to present Light Business Park, 9.97 acres of rough graded, pad ready commercial land located in Hagerstown, MD. The 2024 completed bridge and scenic road extension on Professional Court makes this site ideal for Medical, BioTech and Life Science development. The property is minutes from Meritus Medical Center, the School of Osteopathic Medicine and the Hagerstown Community College Campus.
The land can be sub-divided to as small as 0.9 acres and or can be developed to support a building up to 145,000 SF. The Seller is willing to entertain a Fee Simple Sale, Build to Suit.
Development can begin in as quickly as 90 days. The permit and approval process in Hagerstown is currently 3 months and much of the upfront work is complete including the SWM quantity required for the lots, resulting in greater developable potential. Also, the land has access to natural gas and the storm drain system already stubbed to the site. All utilities are stubbed in nine areas in anticipation that there could be up to 9 separately developable lots. The curbs are in place and there is the ability to blacktop from property line to property line should the land be sub-divided. There are no APFO fees (Adequate Public Facilities Ordinance) associated with the purchase and development of the property. With much of the infrastructure in place there are a multitude of development opportunities.
Investment highlights
- Medical Practices & Diagnostic Laboratories
- Research & Development / Laboratories
- Offices, Business & Professional
- Professional Scientific & Technical Services
- Banks & Credit Unions
- Child or Adult Day-Care
- Fitness & Recreational Sports Centers
- Retail that serves the businesses and employees in the development
Listing Contacts
Listed by Hyatt Commercial
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