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27649878
27649906

1991 West St, Annapolis, MD 21401

CC
MD 601035
Metro Homes DMV
Listed by Metro Homes DMV
$2,099,000
240 days on market
Updated 25 days ago

1991 West St Annapolis MD 21401

Details
Property Type Mixed Use, Office (+1)
Sub Type Medical Office, Restaurant (+1)
Square Footage 3,000
Units 2
Cap Rate 6.00%
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 4.1
Lease Expiration 06/30/2028
Remaining Term 2
Price per SqFt $700
Broker Co-Op Yes
Class C
Year Built 1962
Year Renovated 2020
Stories 1
Lot Size (SqFt) 3,000
Zoning BCE
Parking Spaces 10 spaces
Parking Per SqFt 3.33
Lease Commencement 06/01/2024
Ceiling Height 18

RETAIL BUILDING | GREAT LOCATION | DOWNTOWN ANNAPOLIS, MD | HIGH VISIBILITY | HEAVY TRAFFIC

Marketing description

For Sale: Prime Retail Buildings in Annapolis, MD

Discover an exceptional investment opportunity with this portfolio of two retail assets located at 1991 and 1993 West Street, Annapolis, MD.

- Property Overview:

- 1991 West St:

- Lot Size: 8,000 sq. ft.

- Zoning: BCE (Business Corridor Enhancement district)

- Features a retail building with high visibility and heavy traffic, ideal for attracting customers.

- The current tenant is willing to continue leasing or vacate if necessary, providing flexibility for potential buyers.

- 1993 West St:

- Lot Size: 4,800 sq. ft.

- This property is currently condemned, with value primarily in the land itself, offering a unique redevelopment opportunity.

Location Highlights:

- Situated in a bustling area with high foot traffic and direct proximity to Annapolis’ historic downtown, this location promises excellent visibility and accessibility for any retail business.

Important Note:

- Please do not visit the property without a scheduled appointment to ensure a smooth viewing experience.

Take advantage of this rare chance to invest in prime real estate in a thriving area. Contact us for more details or to schedule a viewing!

https://www.wbaltv.com/article/annapolis-cnn-americas-best-towns-to-visit-2025-list/65222196

Investment highlights

Location Highlights:

1. Prime Location with High Visibility: Both properties are situated in a high-traffic area with excellent visibility, making them ideal for retail businesses looking to attract a steady flow of customers. The proximity to historic downtown Annapolis enhances their appeal.

2. Flexible Tenant Situation: The current tenant at 1991 West St is willing to either stay or vacate, providing potential buyers with flexibility in managing the property and its future use. This allows for immediate income generation or the option to reposition the space.

3. Redevelopment Potential: The 1993 West St property, though condemned, presents a unique opportunity for redevelopment. With its valuable land and strategic location, it offers investors the chance to create a new project that capitalizes on the area's growth and demand.

Listing Contacts

CC
MD 601035
Metro Homes DMV
Listed by Metro Homes DMV

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Additional Information

Name
Carlos Caraballo
License
601035
Brokerage
Metro Homes DMV
Brokerage Phone
202-679-0006
Title
Real Estate Broker
Brokerage Address
1904 Wilson lane Unit T-2
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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