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275 West Street 275 West St 71,185 SF 73% Leased Office 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 (MX) Zoning - City of Annapolis
Executive Summary
West Garrett Place is one of the most prominent properties in Annapolis. Situated across from the prestigious Park Place, the boutique property spans three parcels and two buildings alongside an attached five-story parking garage. A footprint of this scale, available for sale in the heart of Downtown Annapolis at the gateway to the Arts District, is truly a once-in-a-decade opportunity. Its corner presence, expansive plaza, and courtyard are a hidden gem, with significant frontage along West Street — one of the primary retail thoroughfares connecting downtown Annapolis to its suburbs and major access highways. Offered for Sale and for Lease alongside 257 West Street.
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.
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
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
71,185 SF
Building Class
B
Year Built
1988
Percent Leased
73%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
14,237 SF
Slab To Slab
10’
Building FAR
1.20
Lot Size
1.36 AC
Zoning
MX - Mixed Use
Parking
298 Spaces (4 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- Plaza-Ste Suite B200
- 1,000 SF
- Office
- -
- Now
- Plaza-Ste Suite B300
- 3,858 SF
- Office
- -
- Now
- 1st Fl-Ste Suite 100A
- 373 SF
- Office
- -
- Now
- 1st Fl-Ste Suite 107
- 789 SF
- Office
- -
- Now
- 1st Fl-Ste Suite 110
- 2,699 SF
- Office
- -
- Now
- 1st Fl-Ste Suite 110A
- 919 SF
- Office
- -
- Now
- 2nd Fl-Ste Suite 214
- 6,010 SF
- Office
- -
- Now
- 2nd Fl-Ste Suite 216
- 2,267 SF
- Office
- -
- Now
- 3rd Fl-Ste Suite 304
- 643 SF
- Office
- -
- Now
- 3rd Fl-Ste Suite 305
- 518 SF
- Office
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| Plaza-Ste Suite B200 | 1,000 SF | Office | - | Now |
| Plaza-Ste Suite B300 | 3,858 SF | Office | - | Now |
| 1st Fl-Ste Suite 100A | 373 SF | Office | - | Now |
| 1st Fl-Ste Suite 107 | 789 SF | Office | - | Now |
| 1st Fl-Ste Suite 110 | 2,699 SF | Office | - | Now |
| 1st Fl-Ste Suite 110A | 919 SF | Office | - | Now |
| 2nd Fl-Ste Suite 214 | 6,010 SF | Office | - | Now |
| 2nd Fl-Ste Suite 216 | 2,267 SF | Office | - | Now |
| 3rd Fl-Ste Suite 304 | 643 SF | Office | - | Now |
| 3rd Fl-Ste Suite 305 | 518 SF | Office | - | Now |
Plaza-Ste Suite B200
| Size |
| 1,000 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
Plaza-Ste Suite B300
| Size |
| 3,858 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste Suite 100A
| Size |
| 373 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste Suite 107
| Size |
| 789 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste Suite 110
| Size |
| 2,699 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste Suite 110A
| Size |
| 919 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
2nd Fl-Ste Suite 214
| Size |
| 6,010 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
2nd Fl-Ste Suite 216
| Size |
| 2,267 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
3rd Fl-Ste Suite 304
| Size |
| 643 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
3rd Fl-Ste Suite 305
| Size |
| 518 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 06-000-90046491 | Improvements Assessment | $0 |
| Land Assessment | $113,300 | Total Assessment | $113,300 |
Property Taxes
Parcel Number
06-000-90046491
Land Assessment
$113,300
Improvements Assessment
$0
Total Assessment
$113,300
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