Overview

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.

Highlights

• Days on Market: 382
• Parking Features: Paved Parking
• Heating: Other

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Listing ID: 802148616220

Location

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