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1 All Star Ct - Lot E
6.66 Acres of Commercial Land Offered at $500,000 in Hagerstown, MD 21740
Investment Highlights
- 700 Linear Feet of Exposure on I-70
- Excellent Proximity to I-70, US-40/Dual Highway and I-81
- Utilities are Available
- Significant Development Nearby
Executive Summary
Live Onsite & Online Simulcast Bidding
$500,000 Opening Bid
HAGERSTOWN
6.7± ACRE
COMMERCIAL DEVELOPMENT PARCEL
Zoned Commercial General - Exposure on I-70
Substantial Development Work Already Complete
Known As:
ALL STAR COURT
HAGERSTOWN COMMERCE CENTER LOT E
Tax ID: 17064930
Off Dual Highway (US-40)
Hagerstown, Washington County, Maryland 21740
AUCTION POSTPONED - NEW DATE TO BE POSTED SOON
NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.
GENERAL INFORMATION:
The Hagerstown Commerce Center comprises a commercial multi-purpose development immediately southwest of Dual Highway in Hagerstown. The development features a hotel and self-storage facility currently, both adjacent to large-scale new car dealerships. Additional retail and hospitality oriented development is planned. Lot E is at the end of All Star Court along a cul-de-sac. The site is bound by Interstate 70 to the south, providing valuable exposure and potential signage to 70,000+ cars per day. The site is clear and fairly level with a significant amount of development and entitlement work already complete. Commercial General zoning provides a broad level of commercial uses. Access to major highways, exposure along a well-traveled interstate highway, flexible zoning and available utilities make the site exceedingly attractive for investors and users of all types.
LOCATION:
The Hagerstown Commerce Center is located along All Star Court southwest of Dual Highway (US-40), north of Interstate 70 and 2 miles south of downtown Hagerstown. Hagerstown is the county seat for Washington County, and is a hub for local, regional and national business based on its position along major US highways (US-40, I-70 & I-81). The Hagerstown Commerce Center maximizes that position with immediate access to US-40 and I-70. Interstate 81 is just 6.5 miles west. Existing businesses nearby both demonstrate and bolster the location’s value, and include a Fairfield Inn & Suites, Valley (Self) Storage, Hamilton Nissan and the Younger Auto Group. According to MDOT statistics, daily traffic (AADT) comprises 70,291 cars along I-70 immediately south of the property, and 32,650 cars along Dual Highway (US-40) at the intersection of All Star Court.
For more information about the area, please visit:
Hagerstown, MD – www.hagerstownmd.org
Washington County, MD – www.washco-md.net
SITE:
6.66 acres, more or less – Survey
The lot is clear and mostly level (10' slope across most of the lot). The lot fronts along a cul-de-sac at the end of All Star Court. Approximately 700' linear feet of frontage along I-70 immediately south of the property. Approximately 4.78 acres of the site has development potential, with 1.88 acres in reserve for forest conservation.
A private sewer system has been run to the site. Public water and gas service are available. Off-site storm water management is in place and adjacent to the lot.
Signage along Dual Highway (US-40) may be available by lease with the existing developer.
Drawings of the existing development are available under the additional information section.
ZONING:
CG – Commercial General
According to the City of Hagerstown zoning summaries, the commercial general zone “Allows all types of commercial uses, except big box retail (e.g, Dual Highway, Eastern Boulevard, Best Buy shopping center, South End shopping center, Railway Lane, etc.).”
In addition to the array of specifically commercial (retail, hospitality, automotive and office) permitted uses found in the code, additional permitted uses include some residential uses, a variety of public and institutional uses (ex: Day-care, community centers, religious use, fitness and recreational facilities), broadcasting, some light industrial and temporary uses.
For more information about Hagerstown Zoning, please visit:
Zoning – www.hagerstownmd.org
TITLE:
The property is in fee simple and sold free and clear of liens.
TAXES:
Published annual real estate taxes total $20,652, including Washington County taxes of approximately $9,857 and City of Hagerstown taxes of $10,794, based on a full value assessment of $1,077,300.
ADDITIONAL INFORMATION:
Please complete the Waiver and Confidentiality agreement to receive additional information about the site, ESA, surrounding development and entitlements.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $75,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office (wire or cashier’s check).
Online Auction Bidders – a $75,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid. The deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 4:00 P.M. on the day of auction.
Deposit Escrow Agreement
Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the deposit or balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the Purchaser.
LIST PRICE IS OPENING BID ONLY. FULL TERMS ARE AVAILABLE FROM LISTING BROKER AND VIA SAMPLE CONTRACT OF SALE IN THE DOCUMENTS SECTION. ADDITIONAL DUE DILIGENCE INFORMATION AVAILABLE FROM LISTING AGENT.
Property Facts
Price | $500,000 | Property Type | Land |
Sale Type | Investment | Property Subtype | Commercial |
No. Lots | 1 | Total Lot Size | 6.66 AC |
Price | $500,000 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Total Lot Size | 6.66 AC |
1 Lot Available
Lot E
Price | $500,000 | Lot Size | 6.66 AC |
Price Per AC | $75,075 |
Price | $500,000 |
Price Per AC | $75,075 |
Lot Size | 6.66 AC |
6.66 acres, more or less. Utilities available. Zoned CG. Exposure on I-70. Approximately 1.88 acres of the 6.66 acres is in reserve for forest conservation.
Description
The Hagerstown Commerce Center comprises a commercial multi-purpose development immediately southwest of Dual Highway in Hagerstown. The development features a hotel and self-storage facility currently, both adjacent to large-scale new car dealerships. Additional retail and hospitality oriented development is planned. Lot E is at the end of All Star Court along a cul-de-sac. The site is bound by Interstate 70 to the south, providing valuable exposure and potential signage to 70,000+ cars per day. The site is clear and fairly level with a significant amount of development and entitlement work already complete. Commercial General zoning provides a broad level of commercial uses. Access to major highways, exposure along a well-traveled interstate highway, flexible zoning and available utilities make the site exceedingly attractive for investors and users of all types.
PROPERTY TAXES
Parcel Number | 17-064930 | Improvements Assessment | $0 |
Land Assessment | $1,077,300 | Total Assessment | $1,077,300 |
PROPERTY TAXES
zoning
Zoning Code | CG (Commercial General) |
CG (Commercial General) |
Presented by
1 All Star Ct - Lot E
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