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$699,000 -$100,000 (-12.52%) Price Reduced

  • For Sale
  • Active
  • Commercial Investment
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± 22 acres of prime commercial real estate, a stone's throw from I-81! Zoned 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!

Full Property Details for Insurance Way

General

  • Price: $699,000
  • Taxes: $17,644 (2024)
  • Status: Active
  • Type: Commercial Investment
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDWA2028406
  • Updated: 10/13/2026
  • Added to Site: 536 day(s) ago

Business

  • Business Type: Other

Parking

  • Parking Type: None

Location

  • Municipality: Hagerstown
  • County: WASHINGTON
  • Driving Directions: W. Washington Street to Insurance Way. Property on the left pass the Vehicle Emissions Testing Station.
  • City Limits: Yes

Heating & Cooling

  • Cooling Type: None
  • Heating Type: None
  • Water Heater: None

Utilities

  • Sewer: Public Hook/Up Avail
  • Water: Public Hook-up Available
  • Utility Description: Electric Available

Structural Information

  • Construction: Other

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1

Lot Features

  • Lot Size (Acres): 22.01
  • Lot Size (Sq. Ft.): 958,756
  • Lot Size Source: Assessor
  • Zoning: POM
  • Lot Description: Backs to Trees, Flood Plain, Level, Partly Wooded, Road Frontage

Financial Considerations

  • Assessment Year: 2025
  • City/TownTax: $9,222
  • City/TownTax Freq: Annually
  • County Tax: $8,422
  • County Tax Freq: Annually
  • Tax w/Assessment: $920,400
  • Tax Amount: $17,644
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple

Listed by Long & Foster Real Estate, Inc., Michelle Beth Hodos

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Listing agent

— Insurance Way —

  • Michelle Beth Hodos

    Long & Foster Real Estate, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for Insurance Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/13/2026
Price Reduced
$699,000
-12.52%
MLS
7/15/2026
Price Reduced
$799,000
-15.89%
MLS
4/27/2025
Listed
$950,000
82.07%
MLS
4/25/2019
Sold
$521,776
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for Insurance Way

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,385
—
$920,400
—
2023
$8,422
—
$920,400
—
2022
$8,422
-2%
$920,400
—
2021
$8,568
—
$920,400
—
2020
$8,606
-45%
$920,400
-45%
2019
$15,642
—
$1,672,900
—
2018
$15,642
—
$1,672,900
—
2017
$15,642
—
$1,672,900
—
2016
$15,642
—
$1,672,900
—
2015
$15,642
—
$1,672,900
—
2014
$15,642
—
$1,672,900
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Long & Foster Real Estate, Inc., Michelle Beth Hodos

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Insurance Way, Hagerstown, MD 21740 (MLS# MDWA2028406) is a Commercial Investment property. Insurance Way is currently listed for $699,000 and was received on April 27, 2025. Want to learn more about Insurance Way? Do you have questions about finding other Commercial Investment real estate for sale in Hagerstown? You can browse all Hagerstown real estate or contact a Coldwell Banker agent to request more information.

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