Golf Course
Listed By:
Bay View Realty
Address
2 Blue Hill Road, Hancock, MD
Price
$ 690,000
Property Attributes
  • MLS#MDWA2013122
  • TypeCommercial
  • CountyWASHINGTON
  • CityHancock
  • Zip21750
  • StyleHotel/Motel
  • Year Built1953
  • Taxes$ 9418
  • Price$ 690,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9750
  • Lot Size3.07 Acres
Data Source:
Bright MLS
Property Description

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.

Price History
2/10/2023 Listed $850,000
6/20/2023 12% - $750,000
7/1/2023 10% - $680,000

General Features

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
Business Type Hotel/Motel
Accessibility Other
County WASHINGTON
New Construction No
Property Type Commercial Sale
Water Access Y/N No
Status ACTIVE
Directions Main St onto Blue Hill.
ModificationTimestamp 2024-03-14T14:21:06
City HANCOCK
Buyer Agent Compensation 2.5
Total Units 5
Lot Size Square Feet 133729.00
Tax Assessed Value 656300.0
Waterfront Y/N No
Street Name BLUE HILL
Tax Annual Amount 9418.0
Price Per Sq Ft 70.77
Lease Considered Y/N No
Vacation Rental Y/N No
Virtual Tour https://youtu.be/eixH1kjopNU
Days on Market 369
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Other
Hot Water Other
Heating Y/N Yes
Street Suffix ROAD
Central Air Y/N No
Entry Level 1

Exterior Features

Parking Features Paved Parking
Water Source Other
Total Parking Spaces 25
Type of Parking Parking Lot,Other
Land Use Code C
Water View Y/N No
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 No
Water Oriented Y/N No
Car Parking Spaces 25

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 21750

Price
AVG $370K
$690K
Taxes
AVG $7,492
$9,418
Visits
AVG 103
213
Data Provided by Inside Real Estate®
Year Built
AVG 1921
1953
Walkscore
AVG 47
42
Data Provided by Walkscore® not using MLS data

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