2 Blue Hill Road Hancock, MD $ 690,000
2 Blue Hill Road
$ 690,000
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2 Blue Hill Road

Hancock, MD, 21750
$ 690,000
Baths0.0 Sq 9,750

Monthly Estimate*

$ 4,820

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Studio

Commercial Property for sale in Hancock, MD

for $690,000. This 9,750 square foot building was built in 1953 on a lot size of 3.07.

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.

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Commercial Active

Price

$ 690,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 9,418

Style

Hotel/Motel

Lot Size

3.07

Year Built

1953

Town/City

Hancock

County/Region

Washington

MLS | Web ID

MDWA2013122

Features
Interior
Heating Fuel Other
Hot Water Other
Heating Y/N Y
Street Suffix ROAD
Central Air Y/N N
Entry Level 1
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General
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
Municipality Hancock
Business Type Hotel/Motel
Accessibility Other
County WASHINGTON
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions Main St onto Blue Hill.
City HANCOCK
Buyer Agent Compensation 2.5
Total Units 5
Lot Size Square Feet 133729.00
Waterfront Y/N N
Street Name BLUE HILL
Tax Annual Amount 9418.0
Price Per Sq Ft 70.77
Lease Considered Y/N N
Vacation Rental Y/N N
Virtual Tour https://youtu.be/eixH1kjopNU
Days on Market 369
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type % Of Gross
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Exterior
Parking Features Paved Parking
Water Source Other
Type of Parking Parking Lot Other
Water View Y/N N
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 N
Water Oriented Y/N N
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Internal Only
Street Number 1 2
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* Excluded Features
List By
Bay View Realty

Broker

tanya@bayviewrealtyus.com

Email

Affordability Calculator

$5,605
Per Month
86%
14%
0%
Monthly Principal & Interest
$4,820
Monthly Property Taxes
$785
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/1/2023$680,000 -9.33% Price Down
6/20/2023$750,000 -11.76% Price Down
2/10/2023$850,000 Listed Price

Map


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2 Blue Hill Road, Hancock, MD, 21750 is a Commercial Property for sale at $690,000 with 9,750 sqft and a lot size of 3.07. 2 Blue Hill Road is a studio with 0.0 baths and was built in 1953. The property's zip code is 21750 which is in Hancock, MD