$750,000

2 Blue Hill Rd

HANCOCK MD, 21750

Description

Price Reduction ..for quick sale.... 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.

Details

MLS#MDWA172932
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
Status85049738628
Year1953
Days On Site283

Features

SQ Feet9,750
Units19
ZoningU
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Area Information
StateMD
CountyWASHINGTON-MD
CityHANCOCK
Zip Code21750
Listing VS Median (in 21750)
Price:
$750,000
low | high
Med:
$182,450
100% of Average
SqFt:
9,750
low | high
Med:
832
100% of Average
$ / SqFt:
$77
low | high
Med:
$56
77.734375% of Average
On Site:
283
low | high
Med:
29.500000
100% of Average
Sourced by Back At You
Listing Updated: April 22, 2021 2:18:46 AM PDT
Tanya K Hall LogoMLS Number: MDWA172932
Listing Provided By:
Tanya K Hall  of  Bay View Realty
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