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151 West St Annapolis, MD 21401

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For Lease
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Prime Annapolis Office Space Available

Lot size:
36,014 SF

Property Features for 151 West St

General Information

Property type
Office properties & Spaces
Lease Type
Gross Lease
RSF (Rentable sq. ft)
36,014 SF
Class
A

Building Details

Year Built
1998
Buildings
1
Stories
3

Spaces For Lease

at 151 West St, Annapolis, MD 21401 Contact us

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Listing Contact
John Gallagher
John Gallagher

Listing Agency: Hyatt Commercial Real Estate Listing Agent: John Gallagher

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

151 West Street in Annapolis, MD, offers a unique investment opportunity. This three-story, Class A office building, totaling 36,014 square feet, boasts a desirable Midtown location within the West Street Revitalization District. Built in 1998, the property features 80 on-site parking spaces and proximity to a 120-space public garage, along with numerous nearby amenities including restaurants, coffee shops, residential condos, and hotels. Currently 89% leased, with a weighted average lease term of 5.41 years, the building benefits from a strong tenant base, including a long-term State of Maryland occupant. The 4,079 square feet of available space is divisible into units ranging from 3,200 to 4,079 square feet, offering flexibility for various business needs. The 0.84-acre lot is zoned MX, providing potential for future development. This stable asset presents a below-replacement-cost acquisition opportunity in a thriving submarket, with attractive assumable financing in place. The building's efficient floor plates and convenient location contribute to its historically low vacancy rates (well below 10% over the past 10 years). Annapolis serves as a submarket to both the Washington, D.C., and Baltimore MSAs, within a Class A office market of less than 2 million square feet. This property is part of a smaller, highly desirable Suburban-Urban Core Class A Office Market consisting of only 8 buildings totaling 690,000 square feet.
Property Profile Location Intelligence

Current Use by Public Records

Frederick R. Franke, ... Law Firm CareFirst BlueCross BlueShield Insurance Agency Maryland State Board ... State Government Office parkingmgt.com Parking Lot & Garage TRACE Charitable Organization

Suggested Use

Restaurant Law Firm Spa & Massage Center Real Estate Agency Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

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  • Local Demand
City
Annapolis
County
Anne Arundel
State
Maryland
Longitude
-76.498856
Latitude
38.9773167

FAQs

What type of property is this?
Office property - Prime Annapolis Office Space Available
Where is this office property located?
The property is located at 151 West St Annapolis, MD.
What are key features of this property?
This property features: Class A, 36,014 SF office building in Annapolis, MD's West Street Revitalization District.; 80 on-site parking spaces plus proximity to a 120-space public garage.; 89% leased with a 5.41-year weighted average lease term; 4,079 SF of divisible space available.
(410) 266-8800 Call to check price and availability
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