64 Main Street W
Hancock, MD, 21750 $ 250,000
Baths0.0 Sq 3,828 Monthly Estimate*
$ 1,746
Studio
for $250,000. This 3,828 square foot building was built in 1900 on a lot size of 0.21.
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!
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Commercial ActiveApartment Building,Hair Salon and Spa,Health Club
FeaturesInteriorHeating Fuel Oil
Hot Water Electric
Heating Y/N Y
Street Suffix STREET
Central Air Y/N N
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GeneralSewer 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
Municipality Hancock
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 N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions I-70 to Main St. building is right on Main St.
City HANCOCK
Buyer Agent Compensation 2.5
Total Units 3
Lot Size Square Feet 9130.00
Waterfront Y/N N
Street Name 64 MAIN
Tax Annual Amount 1950.0
Property Condition Average
Price Per Sq Ft 65.31
Historic Y/N N
Vacation Rental Y/N N
Days on Market 35
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type % Of Gross
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ExteriorWater Source Public
Type of Parking On Street Private Garage
Water View Y/N N
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 N
Water Oriented Y/N N
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* Excluded FeaturesList ByRoger Fairbourn Real EstateBroker
eric@ericexlineteam.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,746
- Monthly Property Taxes
- $163
- 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.
Learn more about how to save NearbyCommerical listings in Hancock, MD
Average List Price $489,667
Percent of Sale Price 96%
About Hancock, MD 1,511 Population
-10% Since 2002
$ 38,482 Median Income
41.94 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/2/2024 | $250,000 | | Listed Price |