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    Pennsylvania Ave Hancock, MD 21750

    Sponsored
    For Sale
    $699,000

    Large Barn, 14 Acres, High Traffic

    Property size:
    4,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 14.84-acre property in Hancock, Maryland, presents a unique opportunity for a diverse range of businesses. The expansive lot boasts a substantial 4,800 square foot barn, ideal for storage, workshops, or adaptable to various commercial uses. An additional concrete shed provides further storage or workspace. The property's zoning allows for a wide array of commercial ventures, offering significant flexibility for potential buyers. Its prime location ensures high traffic visibility, a key advantage for any business seeking maximum exposure. Convenient access points enhance the property's appeal. Essential utilities, including water and sewer, are readily available, simplifying the setup process for new businesses. The property is ready for immediate occupancy, presenting a turnkey solution for entrepreneurs seeking a well-located, versatile space to establish their operations. The combination of ample space, flexible zoning, and convenient location makes this an exceptional investment opportunity in a thriving community. This property is poised to become a successful hub for any number of commercial endeavors. Don't miss this chance to secure a prime piece of commercial real estate in Hancock, MD. The property is priced competitively at $699,000.

    Property Features for Pennsylvania Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,800 SF
    Lot Size
    646,430 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hancock
    County
    Washington
    State
    Maryland
    Longitude
    -78.17969
    Latitude
    39.70658

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    FAQs

    What type of property is this?
    Commercial real estate - Large Barn, 14 Acres, High Traffic
    Where is this commercial real estate located?
    The property is located at Pennsylvania Ave Hancock, MD.
    What is the asking price?
    The asking price for this property is $699,000.
    (301) 745-5500
    Request Owner's contact information
    Pennsylvania Ave Hancock, MD 21750
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Pennsylvania Ave Hancock, MD 21750
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