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Annapolis Mixed-Use Investment Opportunity
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60-64 State Circle, Annapolis, MD 21401

Charming, fully leased retail and residential property in historic Annapolis.

Property Size2,575 SF
Days on Market141

Property Features for 60-64 State Circle

General Information

Standard status Active
Size 2,575 SF
Property subtype Multi-Family, Retail
Zoning C2 (Conservation Business)

Building Details

Building Size 2,575 SF
Listing Agency: MacKenzie Commercial Real Estate | Baltimore
Listed By: Trish Farrell
Source: Mackenziecommercial
Added: Apr 3 Changed: Aug 8 Last Checked: Aug 21 at 4:01AM

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 MacKenzie Commercial Real Estate | Baltimore

Investment Insights

Based on property information with market context.

Located at 60-64 State Circle in Annapolis, MD, this property presents an investment opportunity featuring two fully leased structures. The property includes boutique retail space in the front building and a residential apartment in the rear building, providing immediate income. A brick courtyard connects the two buildings. The location benefits from high visibility and strong foot traffic from both local residents and tourists. The property is within walking distance of downtown Annapolis, City Dock, and the shops and restaurants on Main Street and Maryland Avenue. Situated adjacent to the Maryland State House and near the U.S. Naval Academy and St. John’s College, the property is positioned in a sought-after location.

Key Highlights

  • Prime investment opportunity with two fully leased structures (boutique retail and residential apartment) providing immediate income.
  • High visibility and strong foot traffic location.
  • Walkable to downtown Annapolis, City Dock, shops, and restaurants.

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Repair Shop Electrical Service Daycare Center Pet Grooming Service Auto Parts Store

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

2,773
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 Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Charming, fully leased retail and residential property in historic Annapolis.
Where is this mixed-use property located?
The property is located at 60-64 State Circle Annapolis, MD.
What are key features of this property?
This property features: Prime investment opportunity with two fully leased structures (boutique retail and residential apartment) providing immediate income.; High visibility and strong foot traffic location.; Walkable to downtown Annapolis, City Dock, shops, and restaurants.
More about this property
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