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    Specialty properties

    5 Hanekamp St, Lonaconing, MD 21539-1317

    2,700 SF 0.4 ac lot Built 1930
    Individually Owned 16-yr Hold Free & Clear
    Property ID
    US40-1719256
    Property summary
    AI-generated overview

    This exceptional 5,400 square foot mixed-use building situated on a 0.4-acre lot at 5 Hanekamp Street in Lonaconing, MD, presents a remarkable investment opportunity. Previously utilized as a VFW post and later as an organizational lodge, this property boasts a versatile layout ideal for a multitude of commercial and/or residential ventures. The main level features a substantial bar room (20x48 feet) equipped with a pool table, a fully functional kitchen, a dedicated office, and two restrooms. A large banquet room (38x29 feet) provides ample space for gatherings or events. The lower level offers significant unfinished space, previously housing a commercial kitchen, along with two additional restrooms and a large open area, ripe for customization. Ample parking is available on-site. The property's zoning allows for diverse uses, including but not limited to daycare centers, storage facilities, apartments, residential conversions, restaurants, bars, retail spaces, medical offices, general office space, and religious facilities. The asking price is $140,000. This property's size, location, and adaptability make it an attractive proposition for discerning investors seeking a high-return venture in a thriving community. The potential for significant return on investment is undeniable.

    Property profile
    Verified
    Property type Specialty properties
    Use group CHARITABLE ORGANIZATION
    Year built 1930
    Construction BRICK
    Total area 2,700 SF
    Lot 0.4 ac (17,609 SF)
    APN 10-014042
    UPID US40-1719256
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Rising Sun Lodge 86 Knights Of P · 16 yrs held
    Rising Sun Lodge 86 Knights Of P
    since 2010
    1 recorded transaction
    2010
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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