Property Attributes
- MLS#MDWA2013122
- TypeCommercial
- CountyWASHINGTON
- CityHancock
- Zip21750
- StyleHotel/Motel
- Year Built1953
- Taxes$ 9418
- Price$ 690,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage9750
- Lot Size3.07 Acres
Data Source:
Bright MLS
Property Description
Back on Market! Buyer couldn't perform. Possibility to convert to an apartment complex. Hancock Commercial complex consists of 3 buildings : Motel , Cafe/Restaurant and Main building ( needs a total rehab and can be converted into medical spa/bed and breakfast/ offices Hancock Motel ( former American Best Value Inn), was founded 3 years ago and is located in Hancock, Washington County, Maryland, the Borderlines with Pennsylvania state and West Virginia state. Great opportunity to own this 19-room motel that features: 25 parking spots with an option to add 10 additional spots. 70% room occupancy Thursday-Sunday and during bike season. UPGRADED locks, flat screen TVs, Furniture and Mattresses. COMPLIMENTARY hair dryer, toiletries, microwave, cable channels. AVAILABLE continental breakfast each morning for motel guests in the cafe. The main building includes: 4 Bedrooms, 2 Full Bathrooms and Kitchen on Main Level; 4 Bedrooms, 5 Full Bathrooms and Kitchen on Upper Level; 2 Bedrooms, 1 Full Bathroom and Laundry on Lower Level. CONVENIENTLY located within driving distance to major attractions. Considering a US INVESTMENT VISA? Hancock Motel is EB5 opportunity by investing $900,000 and creating 10 full time positions for workers in the United States. Potential income by adding a medical spa, mini-golf, smart store, paintball field, restaurant and many more. Main building potential rent income is 42,000 per year. The owners live onsite , but if the future owner is not planning to live there, they can rent the main building and have an additional income. Ground level in the main building could be rented as a spa/office/ beauty shop (projected monthly income: $2000); Second level in the main building could be rented as a B&B (projected monthly income: $1500-2000). Sold AS-IS.
Price History | |
---|---|
2/10/2023 | Listed $850,000 |
6/20/2023 | 12% - $750,000 |
7/1/2023 | 10% - $680,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Other |
Cooling | Other |
Utilities | Cable TV |
Possession | Settlement |
Zoning | U |
Security Features | Desk in Lobby,Monitored |
Construction Materials | Other |
Year Built | 1953 |
Electric | Other |
Property SubType | Five Or More Units |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Cool Fuel | Other |
Business Type | Hotel/Motel |
Accessibility | Other |
County | WASHINGTON |
New Construction | No |
Property Type | Commercial Sale |
Water Access Y/N | No |
Status | ACTIVE |
Directions | Main St onto Blue Hill. |
ModificationTimestamp | 2024-03-14T14:21:06 |
City | HANCOCK |
Buyer Agent Compensation | 2.5 |
Total Units | 5 |
Lot Size Square Feet | 133729.00 |
Tax Assessed Value | 656300.0 |
Waterfront Y/N | No |
Street Name | BLUE HILL |
Tax Annual Amount | 9418.0 |
Price Per Sq Ft | 70.77 |
Lease Considered Y/N | No |
Vacation Rental Y/N | No |
Virtual Tour | https://youtu.be/eixH1kjopNU |
Days on Market | 369 |
Standard Status | Active |
Year Built Source | Assessor |
Buyer Agent Compensation Type | % Of Gross |
Interior Features
Heating Fuel | Other |
---|---|
Hot Water | Other |
Heating Y/N | Yes |
Street Suffix | ROAD |
Central Air Y/N | No |
Entry Level | 1 |
Exterior Features
Parking Features | Paved Parking |
---|---|
Water Source | Other |
Total Parking Spaces | 25 |
Type of Parking | Parking Lot,Other |
Land Use Code | C |
Water View Y/N | No |
Building Area Total | 9750.00 |
Lot Size Acres | 3.07 |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Land Assessed Value | 122800.00 |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
Car Parking Spaces | 25 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool