245 West St Annapolis, MD 21401
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.