2 BLUE HILL ROADHancock, MD, 21750
$ 875,000Bedrooms-- Baths0.0 Sq 9,750
for $875,000. This 9,750 square foot building was built in 1953 on a lot size of 3.07 Acre(s).
~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.
Parking 1-20 Assigned Parking Spaces Parking Lot Paved
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Default based on a 30-year fixed rate of 3.99% 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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Commerical listings in Hancock, MD
Average List Price $324,971
Percent of Sale Price 63%
About Hancock, MD
$ 38,482 Median Income
41.94 Median Age
26% Households with Children
WASHINGTON COUNTY PUBLIC SCHOOLS School District
|9/11/2020||$875,000|| -7.89%|| Price Down|
|7/7/2020||$950,000|| ||Listed Price|