443-510-0632
257 West St, Annapolis, MD for Sale
Storefront Retail/Office - FOR SALE
1/3
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257 West St
Annapolis, MD 21401
Downtown Annapolis


HIGHLIGHTS

  • Two Buildings + 288 Space Parking Garage
  • Mixed Use Zoning
  • Conversion Potential - Office to Resi or Hospitality - Immediate and Long Term Possibilities

OVERVIEW

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. This proeprty is offered alongside 275 West Street for Sale and for Lease. Reach out for access to the deal room! 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.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Garrett Place

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

297

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

MX

APN/PARCEL ID

06-000-90001602

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443-510-0632

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443-510-0632

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