HANCOCK IS GETTING EXCITING. NOT ONLY DOES A RIVER RUN THROUGH IT (THE POTOMAC) - SO DOES THE C&O CANAL, C&O TRAIL AND THE WESTERN MARYLAND RAIL TRAIL. BRING YOUR BUSINESS TO HANCOCK AND BE PART OF THIS RENISSANCE. CYCLISTS LITERALLY FROM ALL OVER THE WORLD ARRIVE IN TOWN ON BICYCLES. HANCOCK IS A FAVORITE PLACE FOR DAYTRIPPERS, KAYAKS AND LOVERS OF THE BIKE TRAILS. HANCOCK IS WAKING UP.
Prime Commercial Building with Limitless Potential in Hancock, MD Welcome to an incredible investment opportunity in the heart of Hancock, Maryland! This spacious commercial building, boasting just under 5,300 square feet, was previously a popular bar and sporting goods store with three residential rental units. With most of the interior already gutted, this property is ready for your custom buildout to bring your vision to life. Property Features: Approximately 5,300 square feet of versatile space, providing ample room for your business ideas. The majority of the interior has been gutted, offering a blank canvas for your custom buildout, making it easy to tailor the space to your specific needs. Previous owners had three residential rental units, one of the second-floor apartments requires only minimal investment to start generating monthly income. Nestled in a prime location, the building backs up to the Western Maryland Rail Trail, where between 100,000 and 140,000 people pass through each year. This offers an incredible opportunity for foot traffic and potential customers. Take advantage of and enjoy the proximity to the scenic C&O Canal and the Potomac River with a boat launch, both within walking distance of the building, making it an ideal location for outdoor enthusiasts. The town of Hancock is known for its welcoming atmosphere and supportive business community, making it an ideal place to realize your entrepreneurial dreams. Opportunity Awaits: Whether you're looking to revitalize a once-thriving bar, start a new sporting goods store, or explore other business opportunities, this property offers endless potential. Hancock's ideal location, coupled with the strong community support, makes it the perfect place to turn your vision into a thriving reality. Don't miss out on this exceptional opportunity to shape the future of this historic building.
The median home value in Hancock, MD is $325,000. This is higher than the county median home value of $273,000. The national median home value is $338,100. The average price of homes sold in Hancock, MD is $325,000. Approximately 51.04% of Hancock homes are owned, compared to 36.14% rented, while 12.82% are vacant. Hancock real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Hancock real estate agent to arrange a tour today!
Hancock, Maryland has a population of 1,622. Hancock is more family-centric than the surrounding county with 27.91% of the households containing married families with children. The county average for households married with children is 27.41%.
The median household income in Hancock, Maryland is $43,713. The median household income for the surrounding county is $67,349 compared to the national median of $69,021. The median age of people living in Hancock is 39.1 years.
The average high temperature in July is 86.4 degrees, with an average low temperature in January of 20.6 degrees. The average rainfall is approximately 39.4 inches per year, with 21.3 inches of snow per year.