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64 Main Street W,  Hancock MD, 21750

(Active)
$250,000
|
3,828 sqft
|
MLS# MDWA2020518
Last Updated: 6/29/2024 10:25 AM
Description for 64 Main Street W Hancock, MD 21750
Commercial Storefront with Rental Units - Prime Location in HancockWelcome 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
$250,000
WASHINGTON
3,828 (approx)
MDWA2020518
Active
Description
Commercial Storefront with Rental Units - Prime Location in HancockWelcome 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!
Listing Information
Property Type: Mixed Use, Business Opportunities, Other
0.21 Acres 3,828 (approx) 1900
Brick
Public
Public Sewer
Cable Available, Natural Gas Available
3 Total
Neighborhood
Room Information
Interior Features
Electric Water Heater
Oil, Forced Air
Exterior / Lot Features
1 Parking Spaces, On Street
Brick
Metal
Driving Directions
I-70 to Main St., building is right on Main St.
Financial Considerations
2205002710
$1,950
Listing Price History

Hancock Real Estate

Hancock is located in Maryland. Hancock, Maryland 21750 has a population of 1,511.

The median household income in Hancock, Maryland 21750 is $53,415. The median household income for the surrounding county is $62,176 compared to the national median of $66,222. The median age of people living in Hancock 21750 is 41 years.

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Courtesy: Roger Fairbourn Real Estate
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 6/29/2024 10:25 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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