Property Attributes
- MLS#MDWA2018580
- TypeCommercial
- CountyWASHINGTON
- CityHancock
- Zip21750
- StyleBanquet Facility/Lodge,Apartment Building,Hair Sal
- Year Built1908
- Taxes$ 4318
- Price$ 399,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5295
- Lot Size5,227 SqFt
Data Source:
Bright MLS
Property Description
Prime Commercial Building with Limitless Potential in Hancock, MD Welcome to an incredible investment opportunity in the heart of Hancock, Maryland! This spacious commercial building, boasting just under 5,300 square feet, was previously a popular bar and sporting goods store with three residential rental units. With most of the interior already gutted, this property is ready for your custom buildout to bring your vision to life. Property Features: Approximately 5,300 square feet of versatile space, providing ample room for your business ideas. The majority of the interior has been gutted, offering a blank canvas for your custom buildout, making it easy to tailor the space to your specific needs. Previous owners had three residential rental units, one of the second-floor apartments requires only minimal investment to start generating monthly income. Nestled in a prime location, the building backs up to the Western Maryland Rail Trail, where between 100,000 and 140,000 people pass through each year. This offers an incredible opportunity for foot traffic and potential customers. Take advantage of and enjoy the proximity to the scenic C&O Canal and the Potomac River with a boat launch, both within walking distance of the building, making it an ideal location for outdoor enthusiasts. The town of Hancock is known for its welcoming atmosphere and supportive business community, making it an ideal place to realize your entrepreneurial dreams. Opportunity Awaits: Whether you're looking to revitalize a once-thriving bar, start a new sporting goods store, or explore other business opportunities, this property offers endless potential. Hancock's ideal location, coupled with the strong community support, makes it the perfect place to turn your vision into a thriving reality. Don't miss out on this exceptional opportunity to shape the future of this historic building.
Price History | |
---|---|
10/31/2023 | Listed $450,000 |
3/2/2024 | 12% - $399,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Hot Water & Baseboard - Electric |
Cooling | Other |
Possession | Settlement |
Zoning | U |
Construction Materials | Brick |
Year Built | 1908 |
Property SubType | Mixed Use |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Cool Fuel | Other |
Business Type | Banquet Facility/Lodge,Apartment Building,Hair Salon and Spa,Health Club,Medical,Other/General Retail,Professional,Recreation,Restaurant/Bar,Other |
Accessibility | None |
County | WASHINGTON |
New Construction | No |
Property Type | Commercial Sale |
Water Access Y/N | No |
Status | ACTIVE |
Directions | I-70 to Main St. building sits along Main St. |
ModificationTimestamp | 2024-03-01T19:37:12 |
City | HANCOCK |
Buyer Agent Compensation | 2.5 |
Total Units | 3 |
Lot Size Square Feet | 5325.00 |
Tax Assessed Value | 300900.0 |
Waterfront Y/N | No |
Street Name | MAIN |
Tax Annual Amount | 4318.0 |
Price Per Sq Ft | 75.35 |
Vacation Rental Y/N | No |
Days on Market | 153 |
Standard Status | Active |
Year Built Source | Assessor |
Buyer Agent Compensation Type | % Of Gross |
Interior Features
Heating Fuel | Natural Gas |
---|---|
Hot Water | Natural Gas |
Heating Y/N | Yes |
Street Suffix | STREET |
Central Air Y/N | No |
Exterior Features
Water Source | Public |
---|---|
Total Parking Spaces | 2 |
Type of Parking | Driveway,On Street |
Land Use Code | C |
Water View Y/N | No |
Building Area Total | 5295.00 |
Lot Size Acres | 0.12 |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Land Assessed Value | 35300.00 |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
Car Parking Spaces | 2 |
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