Property Attributes
- MLS#MDWA2020518
- TypeCommercial
- CountyWASHINGTON
- CityHancock
- Zip21750
- StyleApartment Building,Hair Salon and Spa,Health Club
- Year Built1900
- Taxes$ 1950
- Price$ 250,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3828
- Lot Size9,148 SqFt
Data Source:
Bright MLS
Property Description
Commercial Storefront with Rental Units - Prime Location in Hancock Welcome to a lucrative investment opportunity in the heart of Hancock, conveniently situated on Main Street. This versatile property boasts a commercial storefront on the ground floor, accompanied by two rental units, catering to both long-term and short-term tenants. Key Features: Commercial Storefront: The ground floor features a spacious commercial storefront, ideal for retail, office space, or any business venture. With high visibility on Main Street, this space presents an excellent opportunity for entrepreneurs seeking a prime location to establish their business. Permanent Rental Unit Upstairs: Upstairs, a permanent rental unit offers a steady stream of income. Boasting comfort and convenience, this unit appeals to tenants seeking long-term accommodation in the bustling town of Hancock. 1-Bedroom Efficiency for Daily Rentals: Additionally, a charming 1-bedroom efficiency unit caters to the burgeoning tourism industry in Hancock. Perfect for short-term rentals, this unit provides a cozy retreat for outdoor enthusiasts exploring nearby attractions such as the Rail to Trails, C&O Canal, and Potomac River. Location Highlights: Proximity to Outdoor Attractions: Situated close to the Rail to Trails, C&O Canal, and Potomac River, this property is a haven for outdoor enthusiasts. Whether it's hiking, biking, or kayaking, tenants will relish the abundant recreational opportunities right at their doorstep. Main Street Convenience: With a coveted position on Main Street, tenants enjoy easy access to local shops, restaurants, and amenities. The vibrant atmosphere of downtown Hancock adds to the appeal for both residents and visitors alike. Income Opportunities and Potential: Triple Income Stream: Benefit from three distinct income streams - commercial rental, permanent residential rental, and short-term vacation rental - maximizing the earning potential of this property. Expansion Possibilities: With its prime location and versatile layout, there's ample potential for future expansion or enhancement of the property, ensuring long-term profitability. Don't miss out on this exceptional investment opportunity offering multiple income avenues in a prime location. Seize the chance to capitalize on the thriving market of Hancock and secure your financial future today!
Price History | |
---|---|
3/2/2024 | Listed $250,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Forced Air |
Cooling | None |
Utilities | Natural Gas Available,Cable TV Available,Phone |
Possession | Settlement |
Roof | Metal |
Zoning | TOWN CENTER |
Construction Materials | Brick |
Year Built | 1900 |
Property SubType | Mixed Use |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Cool Fuel | None |
Business Type | Apartment Building,Hair Salon and Spa,Health Club,Medical,Other/General Retail,Professional,Religious Facility,Restaurant/Bar,Supermarket/Grocery Store |
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 is right on Main St. |
ModificationTimestamp | 2024-03-26T20:27:35 |
City | HANCOCK |
Buyer Agent Compensation | 2.5 |
Total Units | 3 |
Lot Size Square Feet | 9130.00 |
Tax Assessed Value | 135900.0 |
Waterfront Y/N | No |
Street Name | 64 MAIN |
Tax Annual Amount | 1950.0 |
Property Condition | Average |
Price Per Sq Ft | 65.31 |
Historic Y/N | No |
Vacation Rental Y/N | No |
Days on Market | 49 |
Standard Status | Active |
Year Built Source | Assessor |
Buyer Agent Compensation Type | % Of Gross |
Interior Features
Heating Fuel | Oil |
---|---|
Hot Water | Electric |
Heating Y/N | Yes |
Street Suffix | STREET |
Central Air Y/N | No |
Exterior Features
Water Source | Public |
---|---|
Total Parking Spaces | 1 |
Type of Parking | On Street,Private Garage |
Land Use Code | CR |
Water View Y/N | No |
Building Area Total | 3828.00 |
Lot Size Acres | 0.21 |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Land Assessed Value | 33900.00 |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
Car Parking Spaces | 1 |
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