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132 Dock St
Annapolis, MD 21401
Retail Property For Sale
Investment Highlights
- Located in Annapolis’ historic waterfront district steps from City Dock and Ego Alley.
- Two levels of finished restaurant/bar space equipped with kitchen infrastructure.
- Positioned adjacent to transformational City Dock redevelopment enhancing public spaces.
- Fully leased to longstanding tenant Armadillo’s Bar & Grill under a triple net structure
- Limited landlord obligations, including an NNN lease arrangement.
- Highly constrained restaurant and bar market with strong demand drivers nearby.
Executive Summary
132 Dock Street presents a rare investment opportunity in the heart of Annapolis’ iconic waterfront district. This two-story property has been home to Armadillo’s Bar & Grill for over 30 years and remains fully leased under a triple net structure, providing investors with reliable cash flow and minimal landlord responsibilities.
Situated steps from City Dock and Ego Alley, the property lies within a vibrant corridor surrounded by destination dining, boutique retail, and cultural attractions, including the U.S. Naval Academy. The area is undergoing significant revitalization with the $87+ million City Dock Project, which includes new flood protection infrastructure, expanded waterfront parkland, and enhanced public spaces that promise to drive additional foot traffic and long-term value.
Featuring an irreplaceable waterfront location, the asset’s robust kitchen infrastructure includes a sprinkler system, grease trap, and hood system, serving two levels of finished bar and restaurant space. With strong tenant history in a limited-supply market, this property offers security, stability, and upside tied to Annapolis’ continued growth as a premier waterfront destination.
Situated steps from City Dock and Ego Alley, the property lies within a vibrant corridor surrounded by destination dining, boutique retail, and cultural attractions, including the U.S. Naval Academy. The area is undergoing significant revitalization with the $87+ million City Dock Project, which includes new flood protection infrastructure, expanded waterfront parkland, and enhanced public spaces that promise to drive additional foot traffic and long-term value.
Featuring an irreplaceable waterfront location, the asset’s robust kitchen infrastructure includes a sprinkler system, grease trap, and hood system, serving two levels of finished bar and restaurant space. With strong tenant history in a limited-supply market, this property offers security, stability, and upside tied to Annapolis’ continued growth as a premier waterfront destination.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,500 SF
Building Class
B
Year Built
1955
Tenancy
Single
Building Height
2 Stories
Building FAR
1.59
Lot Size
0.04 AC
Zoning
C2 - Commercial
Property Taxes
| Parcel Number | 06-000-05295300 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,154,167 |
Property Taxes
Parcel Number
06-000-05295300
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,154,167
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