14515 Pennsylvania - Warehouse FOR SALE


$6,700,000 USD
301-221-5322
14515 Pennsylvania, Hagerstown, MD for Sale
$6,700,000 USD
Warehouse - FOR SALE
1/11
null | Request Cap Rate


HIGHLIGHTS

  • Fully Air Conditioned Warehouse with 2,400 Amp, 277/480 Volt, 3-Phase Power
  • 10 Loading Docks, 7 with Levelers and up to 24'5" Clear Height
  • Sprinklers Throughout Warehouse and Office Area
  • Significant Electricity Savings from Solar Energy System
  • 12.33 Acre Lot with +/- 4.5 Acres of Usable Excess Land
  • 3-Minute Drive to I-81 & 10-Min. to I-70 | Adjacent to Airport

OVERVIEW

Marcus & Millichap is pleased to exclusively present 14515 Pennsylvania Avenue, a 75,527-square-foot manufacturing facility on 12.33 acres of IR-zoned land. Strategically located less than three minutes from I-81, the Property will be delivered vacant or with a short-term leaseback, providing near-term occupancy for manufacturing, distribution or warehouse users. Approximately 4.5 acres of usable excess land offers additional flexibility for building expansion, fleet/trailer parking, outdoor storage or a separate sale. The fully conditioned facility provides a highly functional industrial platform featuring 10 loading docks—including seven with levelers—an attractive loading ratio of one dock per 6,872 square feet of warehouse space. Additional features include clear heights ranging from 17’6” to 24’5”, 2,400-amp, 277/480-volt, three-phase power and a wet sprinkler system. The Property also includes 6,798 square feet of modern office space with private offices, conference rooms, reception and employee break areas. An onsite solar power purchase agreement through 2040 provides meaningful energy-cost savings for future ownership. The Property is adjacent to Hagerstown Regional Airport, a commercial service airport with Foreign Trade Zone designation. The surrounding submarket is supported by a growing aviation and defense ecosystem, including Sierra Nevada Corporation and the Pittsburgh Institute of Aeronautics. Allegiant Air recently established commercial passenger service at HGR, and a 4,800-square-foot terminal expansion broke ground in April 2026, further strengthening the airport’s role in the regional economy. Hagerstown has emerged as an important East Coast logistics and distribution hub due to its location at the intersection of I-81 and I-70. Numerous major companies operate along the corridor, including Amazon, Walmart, FedEx, Hitachi Rail and Volvo. Businesses benefit from a strong labor pool extending into Pennsylvania and West Virginia, comparatively low operating costs and access to approximately half of the U.S. population within an overnight truck drive. Together, the facility’s existing infrastructure, immediate availability and excess land create a flexible owner-user opportunity in one of Western Maryland’s principal industrial markets.

FOR SALE DETAILS

PRICE

$6,700,000 USD

PRICE/SF

$93 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Craig M MacLean Career Development Center

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

UTILITIES

Gas - Natural, Water - City, Sewer - City

CLEAR CEILING HT

24 Ft

DOCKS

10

DRIVE INS

-

PARKING SPACES

87

LAND DETAILS

LAND ACRES

12.33

LAND SF

537,095

ZONING

IR

APN/PARCEL ID

27-000479

ASK ABOUT THIS PROPERTY

Bryn MerreyMarcus & MillichapMore Info
301-221-5322

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Bryn MerreyMarcus & MillichapMore Info
301-221-5322

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.