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    5 Hanekamp St Lonaconing, MD 21539

    Sponsored
    For Sale
    $140,000

    Spacious MD Farm/Ranch/Commercial Property

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 140,000 USD property at 5 Hanekamp Street, Lonaconing, Maryland, 21539, presents a multitude of development opportunities. Situated in Allegany County, this expansive land parcel boasts a substantial existing building, previously utilized as a VFW and later as an organizational lodge. The main structure features a large bar area (20x48 feet) equipped with a pool table, a full kitchen, an office, and two restrooms. A significant banquet room (38x29 feet) is also included. A sizable unfinished lower level offers further potential, having previously housed a commercial kitchen, along with two additional restrooms and a large open space. Ample parking is available on-site. The property's versatile nature allows for a wide range of uses, including daycare, storage facility, apartments, residential dwellings, restaurant, bar, retail space, medical offices, office space, religious facility, and many more. Its location in Lonaconing, MD provides access to local amenities and transportation networks. The property's size and existing infrastructure make it an attractive investment for entrepreneurs and developers seeking a unique opportunity in a desirable location. The latitude and longitude coordinates are 39.5647153, -78.9786006. This is a rare chance to acquire a substantial property with significant upside potential.

    Property Features for 5 Hanekamp St

    General Information

    Property type
    Farms

    HighLights

    • 140,000 USD property at 5 Hanekamp Street, Lonaconing, MD 21539.
    • Large existing building (former VFW/lodge) with ample parking.
    • Features a bar (20x48 ft), full kitchen, office, two restrooms, and a banquet room (38x29 ft).
    • Unfinished lower level with potential (former commercial kitchen, two restrooms, large open space).
    • Versatile property suitable for various uses including daycare, storage, apartments, restaurant, retail, or office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -78.9786006
    Latitude
    39.5647153

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    FAQs

    What type of property is this?
    Farm - Spacious MD Farm/Ranch/Commercial Property
    Where is this farm 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.
    What are key features of this property?
    This property features: 140,000 USD property at 5 Hanekamp Street, Lonaconing, MD 21539.; Large existing building (former VFW/lodge) with ample parking.; Features a bar (20x48 ft), full kitchen, office, two restrooms, and a banquet room (38x29 ft).
    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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