INSURANCE WAYHAGERSTOWN, MD 21740

Vacant Land · 22.01 Acres
$950,000 ACTIVE

INSURANCE WAY Overview

Time on Site:
432 days
Visits:
4

± 22 acres of prime commercial real estate, a stone's throw from I-81! Zoned Professional Office Mixed (POM) with a new 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. Prime location!

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INSURANCE WAY Facts & Features

  • Type Vacant Land
  • Lot 22.01 Acres

Details

General

Association/HOA

  • Association: No

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Business Information

  • Current Use: Other

Location/Region

  • Country: US
  • County: WASHINGTON
  • County Or Parish: WASHINGTON
  • In City Limits: Yes

Tax Information

  • City/Town Tax: 9222.00
  • City/Town Tax Payment Frequency: Annually
  • County Tax: 8422.00
  • County Tax Payment Frequency: Annually
  • Tax Annual Amount: $17,644.00
  • Tax Assessed Value: 920400.00
  • Tax Year: 2024

General Information

  • Property Sub Type: Land
  • Property Type: Land
  • School District Name: WASHINGTON COUNTY PUBLIC SCHOOLS
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2025
  • Zoning: POM

Interior

Parking Information

  • Garage: No

Building Interior

  • Central Air: No

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Features: Backs to Trees, Level, Partly Wooded, Road Frontage
  • Lot Size Acres: 22.01
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 958756.00
  • Lot Size Units: Square Feet
  • Water Source: Public Hook-up Available

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

General Information

  • Farm Land Preservation: No
  • Sewer: Public Hook/Up Avail
  • Utilities: Electric Available
  • Water Access: No

INSURANCE WAY Neighborhood

Community

21740 (HAGERSTOWN) Demographics

39
Median Age
869
Population Density (per sq. mile)
26%
College Educated
$49,244
Estimated Median Income
12,586
Estimated Total Home Owners
10,867
Estimated Total Renters
54% / 46%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

INSURANCE WAY Market Data

Based on the last 30 days in this zip code

$344,511
Average List Price
$180
Average Price per Square Foot
53
Properties Sold
72
Average Days on Market
322
Properties for Sale
Calculations provided by Reliance Network

INSURANCE WAY History

Date Event Value Agent
4/26/2025Source: BRIGHT MLS Status Change
ACTIVE
4/24/2025Source: BRIGHT MLS Added to Database
April 24, 2025
Listing provided courtesy of Long & Foster Real Estate, Inc.- MLS# MDWA2028410MLS ProviderContact Information: 3016948000