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Located at 118 Limestone Rd in Hancock, Maryland, this impressive commercial property spans 1.115 acres with ample space and facilities. The building, constructed in 1986, features a total living area of 22,590 square feet distributed over two stories and consists of 50 units, accommodating various business opportunities. The property boasted a strong market value of $1,711,300 at the time of assessment, reflecting its significant potential. Equipped with commercial A/C and forced air heating, this facility was last sold in June 2021 for $1,325,000, representing a valuable investment in a thriving location.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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