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    245 West St Annapolis, MD 21401

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    For Lease
    Contact for pricing

    Prime Annapolis location, 18,972 SF, MX Zoning

    Lot size:
    18,972 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 18,972-square-foot retail space at 245 West Street in Annapolis, Maryland, presents a unique investment opportunity. Located in Anne Arundel County, zip code 21401, this single-tenant property sits at a highly visible, signalized intersection on West Street. The entire building is currently vacant, offering immediate occupancy for a wide range of commercial uses. The property's MX (Mixed-Use) zoning allows for diverse development possibilities, potentially including residential components, expanding its appeal and investment potential. Its strategic location is further enhanced by its proximity to Park Place, a recently completed mixed-use development, indicating a thriving and growing neighborhood. The substantial square footage provides ample space for a large-scale retail operation or a creative redevelopment project. This property offers significant potential for a discerning investor seeking a high-impact commercial space in a vibrant and desirable location within Annapolis's bustling downtown area. The latitude and longitude coordinates are 38.9764502 and -76.5019309 respectively. This is a rare chance to acquire a substantial commercial property with significant upside in a prime Annapolis location.

    Property Features for 245 West St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,972 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    18,972 SF

    HighLights

    • Immediate Occupancy Available
    • 18,972 SF Available for Lease
    • Rent Negotiable
    • Mixed‑Use (MX) Zoning
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Spa & Massage Realty agency Hair Salon Dental Office Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Annapolis
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.5019309
    Latitude
    38.9764502

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    FAQs

    What type of property is this?
    Retail property - Prime Annapolis location, 18,972 SF, MX Zoning
    Where is this retail property located?
    The property is located at 245 West St Annapolis, MD.
    What are key features of this property?
    This property features: Immediate Occupancy Available; 18,972 SF Available for Lease; Rent Negotiable
    Request Owner's contact information
    245 West St Annapolis, MD 21401
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    Annapolis, MD 21401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    245 West St Annapolis, MD 21401
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