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!
0.21 Private Acres Exterior Space
Commercial
$2,247 Annual Tax
Built in 1900
MLS/Listing ID MDWA2020518
3 Units
Listing Courtesy of ROGER FAIRBOURN REAL ESTATE, ERIC PAUL EXLINE - 301-988-5683
Source of Data: BRIGHT MLS
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the BrightMLS. Real estate listings held by brokerage firms other than Douglas Elliman of VA are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Last date updated: 05/03/2025.
Source: Bright Multiple Listing Service, Inc.
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