Commercial Land Parcel with Restaurant
224 West Main Street, Hancock, MD 21750
For Sale
Contact for pricing
Former Pizza Hut site in Hancock, Maryland, offering an owner-user starting point for a hospitality concept.
Property Size2,593 SF
Price / SF$289.24
Days on Market151
Property Features for 224 West Main Street
General Information
Standard status
Size
Property subtype
Zoning
Investment Type
Listing Agency:
Monument Retail
Listed By:
Rich Sillery · License MD #643708
Source:
Crexi
Added: Jun 17
Changed: Nov 4
Last Checked: Nov 12 at 4:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Monument Retail
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a commercial land parcel offered for sale, presented as a former Pizza Hut site and an owner-user opportunity. The listing indicates the property’s restaurant history, which can be a practical fit for operators looking to develop or reimagine a food service use at this location.
The site is located at 224 West Main Street in Hancock, MD 21750. Prospective buyers should review the property’s existing condition and any site and improvement constraints during due diligence.
For an owner-user, the key takeaway is the property’s intended match with a restaurant-style business. If you’re considering a new concept, a renovation program, or a redevelopment approach that aligns with a food service operation, this site may fit your requirements as you evaluate site plans, access, and applicable approvals. Investors and developers should also confirm what can be supported on the parcel based on local requirements and the site’s existing improvements. Because limited details are provided in the listing, all interested parties are encouraged to perform full inspections and verify permitting and redevelopment feasibility.
The site is located at 224 West Main Street in Hancock, MD 21750. Prospective buyers should review the property’s existing condition and any site and improvement constraints during due diligence.
For an owner-user, the key takeaway is the property’s intended match with a restaurant-style business. If you’re considering a new concept, a renovation program, or a redevelopment approach that aligns with a food service operation, this site may fit your requirements as you evaluate site plans, access, and applicable approvals. Investors and developers should also confirm what can be supported on the parcel based on local requirements and the site’s existing improvements. Because limited details are provided in the listing, all interested parties are encouraged to perform full inspections and verify permitting and redevelopment feasibility.
Key Highlights
- Former Pizza Hut site in Hancock, Maryland
- Owner‑user opportunity with a starting point for a hospitality concept
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,283
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,660
$525.7K
Cap Rate 7%
$375,471
$375.5K
Cap Rate 9%
$292,033
$292.0K
Market Conditions
NOI Build-Up for 2,593 SF
Gross rent
$38.9K $15.00/SF
− Vacancy
−$3.9K −$1.49/SF
EGI
$35.0K $13.52/SF
− OpEx
−$8.8K −$3.38/SF
NOI
$26.3K $10.14/SF
Area
Washington County, MD
Vacancy
9.90%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,660
Cap Rate 7%
$375,471
Cap Rate 9%
$292,033
Alternative Uses
Best Use
Specialty Retail
$375.5K
$328.5K – $438.1K
NOI $26,283 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$575.2K
$503.3K – $671.1K
NOI $40,263 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
53k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Groceries 18%
Dining 10%
Hotels & Casinos 1%
Sheetz
Shops & Services
29,641 visits/mo
0.1 miles
Save-A-Lot
Groceries
9,561 visits/mo
0.0 miles
Dollar General
Shops & Services
7,664 visits/mo
0.0 miles
Pizza Hut
Dining
3,938 visits/mo
0.1 miles
SUBWAY
Dining
1,172 visits/mo
0.1 miles
Demographics for 21750, MD
3,662
Population
1,821
Households
2
Avg Household Size
46
Median Age
10%
College-Educated
92%
High-School Grad
61.6 sq mi
ZIP Area
59
Density / Sq Mi
$54,188
Median Household Income
$42,936
Median Earnings
$972
Median Rent
$212,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former Pizza Hut site in Hancock, Maryland, offering an owner-user starting point for a hospitality concept.
Where is this conventional restaurant located?
The property is located at 224 West Main Street Hancock, MD.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Former Pizza Hut site in Hancock, Maryland; Owner‑user opportunity with a starting point for a hospitality concept
