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187 E MAIN ST Hancock, MD 21750
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Key Details
Sold Price $475,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 2,168 sqft
Price per Sqft $219
MLS Listing ID MDWA2012080
Sold Date 04/24/23
Originating Board BRIGHT
Year Built 1970
Annual Tax Amount $2,515
Tax Year 2022
Lot Size 0.491 Acres
Acres 0.49
Property Description
Turn-Key business opportunity with excellent sales and cash flow history! Long established liquor store located on the east end of Hancock, an area undergoing significant revitalization with a travel plaza and three national chain restaurants all under current construction (fast food, pizza, and family-style). Gas station, bank, insurance company, restaurants, car lot/ mechanic shop, fruit market/ bakery, and access to the Western Maryland Rail Trail and C&O Canal all within eyesight. Plenty of parking, and room for potential future expansion.
Second floor contains a 2 Bedroom 1 Bathroom apartment not currently rented and in need of some repairs, but could provide additional income, or be convenient living space for the owner/operator.
Located close to Interstates 70 and 68, and US Route 522 for a constant stream of travelers. Only miles from Pennsylvania and West Virginia creating a robust tri-state area customer base. Liquor stores were deemed "essential" by the State of Maryland during the recent pandemic, and according to Forbes Magazine, liquor consumption tends to be resilient even during economic recession (6/29/22). If you're looking for a successful business opportunity, this could be it!
Class A Liquor Sales License (Off Sale Only) transfers according to all Washington County, Maryland and State of Maryland regulations and shall be the sole responsibility of the buyer to qualify. Inventory shall be sold separately at cost, with all applicable State of Maryland / Bulk Trade regulations and taxes applicable. Point of sale system included. Make your offer now!
Location
State MD
County Washington
Zoning U
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Other
Flooring Tile/Brick, Carpet
Heat Source Oil
Exterior
Garage Spaces 10.0
Waterfront N
Water Access N
Roof Type Flat,Rubber,Other
Accessibility 2+ Access Exits
Parking Type Parking Lot
Total Parking Spaces 10
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Washington County Public Schools
Others
Tax ID 2205007356
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Other, Conventional
Listing Terms Cash, Other, Conventional
Financing Cash,Other,Conventional
Special Listing Condition Standard
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Bought with Non Member • Non Subscribing Office