5 Hanekamp StLonaconing, MD 21539

Property Details for 5 Hanekamp St

Year built

1930

Construction

BRICK

Lot size

0.40 AC

Property size (Sq ft)

2,700 SF

Property type

Specialty properties

APN

10-014042

APU

10014042

Description

This exceptional 5,400 square foot mixed-use building situated on a 0.4-acre lot at 5 Hanekamp Street in Lonaconing, MD, presents a remarkable investment opportunity. Previously utilized as a VFW post and later as an organizational lodge, this property boasts a versatile layout ideal for a multitude of commercial and/or residential ventures. The main level features a substantial bar room (20x48 feet) equipped with a pool table, a fully functional kitchen, a dedicated office, and two restrooms. A large banquet room (38x29 feet) provides ample space for gatherings or events. The lower level offers significant unfinished space, previously housing a commercial kitchen, along with two additional restrooms and a large open area, ripe for customization. Ample parking is available on-site. The property's zoning allows for diverse uses, including but not limited to daycare centers, storage facilities, apartments, residential conversions, restaurants, bars, retail spaces, medical offices, general office space, and religious facilities. The asking price is $140,000. This property's size, location, and adaptability make it an attractive proposition for discerning investors seeking a high-return venture in a thriving community. The potential for significant return on investment is undeniable.

• Alternative Use

  Use

  Valuation

  Residential

  $735,562

  Hospitality

  $673,770

  Educational

  $560,569

  Medical

  $579,848

  Retail

  $871,996

Location Insight

City

Lonaconing

County

Allegany

State

Maryland

Latitude

39.563

Longitude

-78.9796

CBSA code

19060

CBSA name

CUMBERLAND, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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