Annapolis Retail/Office Development
For Sale
Contact for pricing
1503 Forest Drive, Annapolis, MD 21401
Permit-ready site for retail, office, or medical development.
Property Size22,600 SF
Lot Size1.07 Acres
Price / SF$73.01
Days on Market3440
Property Features for 1503 Forest Drive
General Information
Standard status
Active
Size
22,600 SF
Total Parking Spaces
70
Lot size
1.07 Acres
Property subtype
Retail, Office, Land
Zoning
B2
Building Details
Stories
3
Listing Agency:
Hyatt Commercial
(410) 266-8800
Listed By:
John Sindler · License #MD 516121
Source:
Crexi
Added: Mar 22, 2017
Changed: Aug 8
Last Checked: Aug 20 at 6:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hyatt Commercial
Investment Insights
Based on property information with market context.
This commercial property features a ± 1.07-acre site approved for retail or office use. It is situated next to Annapolis Middle School. The property has fully approved plans and permits in hand for a ready-to-be-built three-story building. The approved plans allow for up to 22,000 square feet of office or retail space. The building offers flexible sizing options, from approximately 2,400 square feet up to 22,600 square feet, with approximately 3,780 square feet designated for first-floor retail. The construction-ready commercial building offers approximately 18,900 square feet across three floors. The first floor provides approximately 3,780 square feet, ideal for retail use. The second and third floors each offer approximately 7,560 square feet, suitable for office or medical users. The property features strong visibility along Forest Drive and Spa Road with signalized access. The site plan includes approximately 70 planned surface parking spaces. It is suitable for office, day care, food, retail, and medical purposes.
Key Highlights
- Fully approved and permit‑ready for a 22,000 SF office/retail building.
- Plans in‑hand for a 3‑story building with flexible space suitable for retail, office, or medical use.
- High visibility location on Forest Drive and Spa Road with signalized access.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
Explore this area
Business Placement
Demographics for 21401, MD
39,308
Population
19,293
Households
2
Avg Household Size
44
Median Age
61%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
1,975
Density / Sq Mi
$119,296
Median Household Income
$67,845
Median Earnings
$2,106
Median Rent
$580,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Permit-ready site for retail, office, or medical development.
Where is this commercial land located?
The property is located at 1503 Forest Drive Annapolis, MD.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Fully approved and permit‑ready for a 22,000 SF office/retail building.; Plans in‑hand for a 3‑story building with flexible space suitable for retail, office, or medical use.; High visibility location on Forest Drive and Spa Road with signalized access.
