Insurance Way
Hagerstown, MD 21740
- – beds
- – baths
- – sqft
- ~22 acre lot
± 22 acres of prime commercial real estate, a stone’s throw from I-81! Zoned Professional Office Mixed (POM) but currently securing a text overlay to allow for wider usage. ±6 acres bordering Insurance Way are developable, with the remaining buffer of ±16 acres comprised of forest easements and designated flood plain. All major utilities are available to the site. Potential for further subdivision. Property borders I81 for potential signage and visibility. Buyers to confirm property is still in the designated Enterprise Zone which includes potential economic development incentives and tax credits for qualifying businesses.
Last checked:
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Last updated May 6, 2025
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MLS# MDWA2028410 —
Financial & Terms
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Sale Type:Standard
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Possession:Immediate
Location
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Directions:West Washington Street to Insurance Way. Property on the left past the Vehicle Emissions Testing Station.
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Latitude:39.64539734
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Longitude:-77.76286947
The Property
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Property Type:Land
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Property Subtype:Land
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Current Use:Other
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Lot Size Units:Square Feet
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Lot Size Acres:22.01
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Lot Size Source:Assessor
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Lot Features:Backs to Trees, Level, Partly Wooded, Road Frontage
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Lot SqFt:958,756 Sqft
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Additional Parcels:No
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Zoning:POM
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Zoning Description:Professional Office Mixed - Office Parks, Limited Retail and Restaurants. Current text overlay in progress.
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In City Limits:Yes
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Farm Land Preservation:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (240) 446-5333
- Office phone:
- (301) 694-8000
Taxes
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Tax ID Number:2225039890
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Tax Year:2024
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Tax Annual Amount:$17,644
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Tax Assessed Value:$920,400
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Year Assessed:2025
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County Tax:8422.00
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City/Town Tax:9222.00
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Total Taxes Payment Frequency:Annually
Utilities
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Utilities:Electric Available
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Sewer/Septic:Public Hook/Up Avail
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Water Source:Public Hook-up Available
Schools
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School District Name:Washington County Public Schools
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School District Source:Listing Agent
The Community
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HOA:No
Extra Units
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Vacation Rental:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
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4/26/25
Apr 26, 2025
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Listed / Active | BRIGHT | $950,000 |