Remarks

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!

Details

MLS#: MDWA2020518
Price: $250,000

Year Built: 1900

County: WASHINGTON
Tax Fee: 1950.0