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51 West St 9,452 SF 100% Leased Retail Building Annapolis, MD 21401 For Sale
Investment Highlights
- Rare Mixed-Use Investment Opportunity – Acquire a fully leased, income-producing asset in the heart of Annapolis' sought-after Arts District.
- Established Restaurant Business Included – Opportunity to purchase a successful, 25-year-old operating restaurant along with the real estate.
- Flexible Ownership Strategies – Ideal for investors, owner-users, restaurateurs, or developers seeking a stabilized asset with upside potential.
- 100% Occupied with Multiple Income Streams – Four-story, ±9,452 SF property featuring multiple tenants and diversified revenue sources.
- Prime Downtown Annapolis Location – Prominent frontage and visibility on both West Street and Cathedral Street within a vibrant dining, retail, and en
- Value-Add Redevelopment Potential – Mixed Use zoning supports future conversion opportunities including boutique hotel, multifamily, or condominium se
Executive Summary
The sale offering at 51 West Street is a rare opportunity to acquire a 100% leased, mixed-use, multi-tenanted, income-producing asset, AND a 25-year-old, currently operating restaurant business, in the heart of the Annapolis Arts District — one of the most culturally vibrant corridors in the region. The ±9,452 SF building spans four stories, including lower-level restaurant storage space, across five independent condominium units, with frontage and multiple means of egress on both West Street and Cathedral Street. Zoned Mixed Use, 51 West Street offers multiple paths to value: acquire the real estate and restaurant business together, purchase the real estate and bring a new restaurant concept to the retail storefront, purchase the fully leased real estate and hold as a stabilized investment, or leverage zoning for conversion to hotel, multifamily, or even look to sell off the individual condominiums.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,452 SF
Building Class
B
Year Built
2000
Percent Leased
100%
Building Height
4 Stories
Building FAR
10.85
Lot Size
0.02 AC
Zoning
MXD - Mixed Use
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-104-90043965 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $159,833 |
Property Taxes
Parcel Number
06-104-90043965
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$159,833
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