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Garrett Place 257 West St 4,247 SF Retail Building Annapolis, MD 21401 For Sale
Investment Highlights
- Two Buildings + 288 Space Parking Garage
- Conversion Potential - Office to Resi or Hospitality - Immediate and Long Term Possibilities
- Mixed Use Zoning
Executive Summary
Within the City of Annapolis, developable parcels of meaningful size are few and far between, with zoning and municipal constraints limiting redevelopment. Unlike most Downtown Annapolis properties, West Garrett Place is not subject to Historic District Commission review or restrictive covenants. Approved under special exception, it could be immediately converted to other by-right uses without exterior changes or taken through site development for changes to the site design plan.
West Garrett Place presents a compelling acquisition for owner users looking
to purchase a building below replacement cost where they can occupy space or sophisticated investors seeking a high-profile, irreplaceable Downtown Annapolis footprint with stable in-place cash flow, clear lease-up upside, and meaningful short and long-term optionality.
Property Facts
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Explore the historic charm and modern amenities of the Annapolis area surrounding the property. Nearby, you'll find renowned dining spots, boutique shops, and the picturesque waterfront of Ego Alley. The location also offers easy access to historic landmarks such as the Maryland State House and the United States Naval Academy, creating a vibrant backdrop for your business.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,247 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 4,247 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size | 4,247 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Explore the historic charm and modern amenities of the Annapolis area surrounding the property. Nearby, you'll find renowned dining spots, boutique shops, and the picturesque waterfront of Ego Alley. The location also offers easy access to historic landmarks such as the Maryland State House and the United States Naval Academy, creating a vibrant backdrop for your business.
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-000-90001602 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,025,533 |
Property Taxes
