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Downtown Annapolis Office Building For Sale
For Sale
$4,000,000

229 Hanover Street, Annapolis, MD 21401

Office building in downtown Annapolis with parking, near Naval Academy.

Property SizeContact for details
Days on Market207

Property Features for 229 Hanover Street

General Information

Standard status Active
Property subtype Office
Listing Agency: Douglas Commercial
Listed By: Scott Douglas · License #580592
Source: Douglascommercial
Added: Jan 27 Changed: Aug 8 Last Checked: Aug 21 at 4:12AM

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 Douglas Commercial

Investment Insights

Based on property information with market context.

This office building is located in downtown Annapolis, across the street from the Naval Academy. It features a law firm-type buildout with a library and an open layout. The property includes 13 to 14 covered parking spaces. The building is available starting January 1st, 2023. Its location provides easy access to Route 50, Interstate 97, City Dock, the State House, courthouses, and the Navy Stadium.

Key Highlights

  • Prime Downtown Annapolis location next to the Naval Academy.
  • 13‑14 +/- covered parking spaces.
  • First time listed for sale.

Property Analytics

Current Use

KRR Web Design Marketing & Advertising KRR PHOTOGRAPHY LIMITED Photography Service Senior Citizen's Law ... County Government Office KRR Creative Strategies Business Management Consultant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Barber Shop Locksmith Pet Grooming Service Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,506
Businesses Nearby

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

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office building in downtown Annapolis with parking, near Naval Academy.
Where is this office building located?
The property is located at 229 Hanover Street Annapolis, MD.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Prime Downtown Annapolis location next to the Naval Academy.; 13‑14 +/- covered parking spaces.; First time listed for sale.
More about this property
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