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775 Frederick St

36,000 SF Industrial Building Hagerstown, MD 21740 $3,400,000 ($94/SF)

Investment Highlights

  • Newly Renovated Building and Owner Will Build to Suit
  • +/- 2 Acres of Parking or Outdoor Storage
  • Signage Possible on 11,218 VPD Frederick Street
  • IR-Zoning is Permissive and Allows Industrial, Office and Other Uses
  • Knockout Panels Exist to Add Many Additional Windows
  • 3- Minute Drive to Route 40 and 6-Minute Drive to I-70

Executive Summary

Marcus & Millichap is pleased to exclusively represent the ownership in the sale or lease of 775 Frederick Street, Hagerstown, MD 20723. The IR-zoned property sits at the intersection of First Street and Frederick Street, providing easy access to major transportation routes.
The +/- 36,000 SF warehouse was renovated in 2024, and the owner is willing to make further modifications for a tenant or purchaser. The building was previously occupied by Community Depot, a factory-direct paper wholesaler and prior to that, Capitol Building Supply. IR-zoning allows for various light industrial uses, including manufacturing and office uses.
The building has three loading docks in the rear of the building and two drive-in doors. Additional drive-in doors could be added on two sides of the building. The property also has numerous knockout panels that could be removed to create large windows throughout the property.
Ceiling heights range from 14’6” to 12’2”. The property also offers an outdoor storage area that is currently being expanded by clearing trees along the back of the building The rear outdoor storage area and loading area will be 1.21 acres once cleared. There is ample parking in front of the building and additional parking can be shared with the adjacent self-storage building.
The property is located 3-minutes from Route 40, 6-minutes to I-70 and 10 minutes to I-81. It is surrounded by various industrial and retail properties plus some nearby single-family homes.
The property is being offered either for sale or for lease. IR zoning allows for various industrial, and office uses. The owner is willing to make further building modifications for a new owner or tenant. Those improvements could include adding large windows, additional drive-in doors, paving the rear IOS and loading area, or other interior buildout.

Property Facts

Price $3,400,000
Price Per SF $94
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Manufacturing
  • Industrial Service
Building Class C
Lot Size 2.80 AC
Rentable Building Area 36,000 SF
No. Stories 1
Year Built/Renovated 1969/2024
Tenancy Single
Parking Ratio 0.83/1,000 SF
Clear Ceiling Height 14 FT 6 IN
No. Dock-High Doors/Loading 3
No. Drive In / Grade-Level Doors 2

Amenities

  • Fenced Lot
  • Front Loading
  • Signage
  • Yard
  • Storage Space
  • Air Conditioning

Utilities

  • Water
  • Sewer
  • Heating - Gas

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 36,000 SF
  • Industrial
  • Full Build-Out
  • Now

775 Frederick St is a newly renovated +/- 36,000 SF warehouse with permissive IR zoning which allows a variety of uses. The building has three loading docks in the rear and two drive-in doors. Ceiling heights range from 14’6” to 12’2”. The property also offers an outdoor storage area that is currently being expanded by clearing trees along the back of the building. The rear outdoor storage area and loading area will be 1.21 acres once cleared. There is ample parking in front of the building and additional parking can be shared with the adjacent self-storage building.

Space Size Space Use Condition Available
1st Floor 36,000 SF Industrial Full Build-Out Now

1st Floor

Size
36,000 SF
Space Use
Industrial
Condition
Full Build-Out
Available
Now

1st Floor

Size 36,000 SF
Space Use Industrial
Condition Full Build-Out
Available Now

775 Frederick St is a newly renovated +/- 36,000 SF warehouse with permissive IR zoning which allows a variety of uses. The building has three loading docks in the rear and two drive-in doors. Ceiling heights range from 14’6” to 12’2”. The property also offers an outdoor storage area that is currently being expanded by clearing trees along the back of the building. The rear outdoor storage area and loading area will be 1.21 acres once cleared. There is ample parking in front of the building and additional parking can be shared with the adjacent self-storage building.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-015710
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,559,600

zoning

Zoning Code IR (provide locations for offices and light industrial uses which do not require special measures to control odor, dust or noise.)
IR (provide locations for offices and light industrial uses which do not require special measures to control odor, dust or noise.)
  • Listing ID: 33194162

  • Date on Market: 9/16/2024

  • Last Updated:

  • Address: 775 Frederick St, Hagerstown, MD 21740

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