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10 Annapolis St 2,064 SF Retail Building Annapolis, MD 21401 $975,000 ($472.38/SF)
Investment Highlights
- Redevelopment opportunity in the village of West Annapolis.
- B1 zoning permits retail, office & residential uses.
- Some owner financing would be considered.
- Value is in the land.
- Could be assembled with adjacent parcel at 2 & 4 Annapolis St. for total of approximately 0.86 acres.
- Easy access to/from Rt. 50 and downtown Annapolis.
Executive Summary
Development opportunity in an established boutique shopping & business district at the gateway to West Annapolis. Value is in the land (approximately 15,000 sq. ft.) Being sold "as - where is." This 1,032 sq. ft. cottage with full unfinished basement was most recently occupied by a retail tenant...Tara's Gifts. Could be assembled with the 2 adjacent buildings at 2 & 4 Annapolis Street with 6 established retail & 2 residential tenants on approximately 22,500 sq. ft. parcel with rear parking lot accommodating 30+ parking spaces. Combined parcels total approximately 37,500 sq. ft. (0.86 acres). Gross rents for 2 & 4 Annapolis Street are $20,700/Mo. with annual escalations. Package price for both parcels is $4,000,000. B1 zoning permits offices, retail & residential uses.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,064 SF
Building Class
C
Year Built
1940
Price
$975,000
Price Per SF
$472.38
Tenancy
Single
Building Height
2 Stories
Building FAR
0.14
Lot Size
0.34 AC
Zoning
B1 - B1 zoning permits neighborhood retail, office or residential use
Parking
2 Spaces (0.97 Spaces per 1,000 SF Leased)
Frontage
100’ on Annapolis Street
Amenities
- Wheelchair Accessible
- Storage Space
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Tara's Gifts
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Tara's Gifts | Retailer | - | - | - |
Walk Score®
Very Walkable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-000-01285200 | Improvements Assessment | $20,200 |
| Land Assessment | $559,600 | Total Assessment | $579,800 |
Property Taxes
Parcel Number
06-000-01285200
Land Assessment
$559,600
Improvements Assessment
$20,200
Total Assessment
$579,800
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10 Annapolis St
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