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Hancock,MD 21750
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,828 sqft
Price per Sqft $58
MLS Listing ID MDWA2020518
Year Built 1900
Annual Tax Amount $2,247
Tax Year 2024
Lot Size 9,130 Sqft
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!
Location
State MD
County Washington
Zoning TOWN CENTER
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Exterior
Garage Spaces 1.0
Utilities Available Natural Gas Available,Cable TV Available,Phone
Waterfront N
Water Access N
Roof Type Metal
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Hancock
Middle Schools Hancock Middle Senior High School
High Schools Hancock Middle Senior
School District Washington County Public Schools
Others
Special Listing Condition Standard