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    2 Blue Hl Rd Hancock, MD 21750

    For Sale
    $1,249,000

    Property suitable for hospitality, rehab, or group home businesses.

    Lot size:
    3.07 Acres

    Property Features for 2 Blue Hl Rd

    General Information

    Lot size
    3.07 Acres

    Building Details

    Year built
    1953

    Source: Executive Investment Realty, LLC. Agent Marie F Laborde

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hospitality Property with Business Potential

    This property features 25 rooms, configured as 18, 3, and 4-room units. It includes 3 kitchens, 3 laundry rooms, and 3 separate entrances. The property consists of 2 separate buildings, allowing owners to live on-site while operating a business. The location is suitable for various businesses, including hospitality, drug and alcohol rehabilitation centers, group homes, or drive-through specialty businesses. Currently, the property is being used as a motel.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    Super 8 by Wyndham Hancock MD, Hancock motel

    Location Insight

    • Map
    • Local Demand
    City
    Hancock
    County
    Washington
    State
    Maryland
    Longitude
    -78.2112
    Latitude
    39.6875

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    FAQs

    What type of property is this?
    Motel - Property suitable for hospitality, rehab, or group home businesses.
    Where is this motel located?
    The property is located at 2 Blue Hl Rd Hancock, MD.
    What is the asking price?
    The asking price for this property is $1,249,000.
    What are key features of this property?
    This property features: - Two separate buildings allow for living and running a business simultaneously.; - Three separate entrances provide flexibility and privacy.; - Three kitchens and three laundry rooms offer convenience and potential for multiple occupants.
    (240) 481-4255
    Request Owner's contact information
    2 Blue Hl Rd 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
    2 Blue Hl Rd Hancock, MD 21750
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