Income-Producing Mixed-Use Owner-User Opportunity
1000 West Street, Annapolis, MD 21401
Marketing description
1000 West St is a ±4,406 SF three-story mixed-use building on a ±0.13-acre parcel along Annapolis' West Street corridor, just outside Westgate Circle and steps from historic downtown. Originally built in 1933 and extensively renovated in 2017 and 2023, the property is zoned PM (Professional Mixed-Use) and is being offered with a ±1,567 SF ground-floor commercial suite vacant - creating a rare owner-user opportunity with immediate occupancy. Two fully renovated upstairs 2BR/2BA apartments leasing at $2,700/month each generate ±$64,800 in gross annual residential income to offset ownership costs from day one. On-site amenities include ±6 surface parking spaces and a detached 2-car garage.
Location Description
Located along the busy West Street corridor in Annapolis, just outside Westgate Circle, the property offers strong visibility and easy access to downtown and the United States Naval Academy. Its proximity to Maryland Route 2 and U.S. Route 50 ensures convenient connectivity to surrounding areas.
Investment highlights
- Two upstairs apartment units (2BD/2BA Each) occupied at $2,700/month
- Vacant ground floor suite - ideal for owner-user or investor repositioning
- Prime visibility and access along West Street, minutes from major commuter routes (MD-2 & US-50)
- Located on West Street corridor - minutes from downtown Annapolis, US Naval Academy, and Route 5
- Approved uses include: Professional office (legal, accounting, financial advisory, real estate brokerage), Medical or dental office, Child Care Center, Architecture, engineering, or design studio, Personal service establishment (salon, spa, wellness studio), Boutique retail or gallery space, Multi-family residential (existing two upstairs apartments), Mixed-use live/work configuration
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