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    5 Hanekamp St Lonaconing, MD 21539

    For Sale
    $140,000

    Spacious building, endless possibilities, prime location.

    Property size:
    5,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    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 Features for 5 Hanekamp St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,400 SF
    Lot Size
    17,424 SF

    Building Details

    Year Built
    1930
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop Pharmacy Wholesale Shop Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lonaconing
    County
    Allegany
    State
    Maryland
    Longitude
    -78.97952
    Latitude
    39.56289

    Nearby Comparable

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      Lonaconing Specialty Property For Sale

      Specialty property available for purchase in Lonaconing, Maryland.
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      Land For Sale

      Land available for sale.
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    Nearby Similar for Sale

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      Lonaconing Specialty Property For Sale

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    FAQs

    What type of property is this?
    Mixed-use property - Spacious building, endless possibilities, prime location.
    Where is this mixed-use property located?
    The property is located at 5 Hanekamp St Lonaconing, MD.
    What is the asking price?
    The asking price for this property is $140,000.
    (301) 777-3380
    Request Owner's contact information
    5 Hanekamp St Lonaconing, MD 21539
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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
    5 Hanekamp St Lonaconing, MD 21539
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