Commercial Kitchen with
1975 WEST STREET, Annapolis, MD 21401
For Sale
$1,500,000
Pending
Existing gas connections and multiple plumbing lines support restaurant or food-service build-out.
Property Size2,791 SF
Days on Market97
Property Features for 1975 WEST STREET
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Utilities to Site
Building Details
Year Built
Listing Agency:
Taylor Properties
(301) 970-2447
Listed By:
YoonHee Pak · License #659496
(443) 303-7807
Source:
Cummingsrealtors
Added: Aug 3
Changed: Nov 6
Last Checked: Nov 6 at 10:28AM
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 Taylor Properties
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Investment Insights
Based on property information with market context.
The property contains 2791 square feet of commercial space configured around a spacious kitchen layout. Existing gas connections and multiple plumbing lines are in place, providing established infrastructure for restaurant or food-service operations. The building was constructed in 1969 and is being offered in its current as-is condition.
Positioned at 1975 West Street in Annapolis, the corner property includes a private on-site parking lot and access to US-50 and MD-2. Its location along West Street places the property within an established business corridor. The flexible floor plan may accommodate other commercial uses, subject to applicable zoning requirements and verification of permitted uses. Buyers are responsible for confirming zoning, permitted uses, and property information.
Positioned at 1975 West Street in Annapolis, the corner property includes a private on-site parking lot and access to US-50 and MD-2. Its location along West Street places the property within an established business corridor. The flexible floor plan may accommodate other commercial uses, subject to applicable zoning requirements and verification of permitted uses. Buyers are responsible for confirming zoning, permitted uses, and property information.
Key Highlights
- 2791 square feet of commercial space
- Spacious commercial kitchen layout
- Existing gas connections and multiple plumbing lines
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,359
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$887,180
$887.2K
Cap Rate 7%
$633,700
$633.7K
Cap Rate 9%
$492,878
$492.9K
Market Conditions
NOI Build-Up for 2,791 SF
Gross rent
$61.3K $21.96/SF
− Vacancy
−$2.1K −$0.77/SF
EGI
$59.1K $21.19/SF
− OpEx
−$14.8K −$5.30/SF
NOI
$44.4K $15.89/SF
Area
Anne Arundel County, MD
Vacancy
3.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$887,180
Cap Rate 7%
$633,700
Cap Rate 9%
$492,878
Alternative Uses
Best Use
Specialty Retail
$633.7K
$554.5K – $739.3K
NOI $44,359 @ 7.0% cap · market cap 2.96%
Second Best
Industrial
$209.7K
$183.5K – $244.6K
NOI $14,676 @ 7.0% cap · market cap 0.98%
Theoretical Best
Office A
$816.4K
$714.4K – $952.5K
NOI $57,151 @ 7.0% cap · market cap 3.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,103
Businesses Nearby
28k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 59%
Office Supplies 38%
Electronics 3%
Lidl
Groceries
16,233 visits/mo
0.4 miles
Office Depot
Office Supplies
10,368 visits/mo
0.5 miles
Boost Mobile
Electronics
943 visits/mo
0.4 miles
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial kitchen - Existing gas connections and multiple plumbing lines support restaurant or food-service build-out.
Where is this commercial kitchen located?
The property is located at 1975 WEST STREET Annapolis, MD.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 2791 square feet of commercial space; Spacious commercial kitchen layout; Existing gas connections and multiple plumbing lines
