115 Cathedral St Annapolis, MD 21401-2790
- Office buildings
- 3,072 SF
- 0.06 lot acres
Current Use by Public Records
- Dowling John J / Attorney
- Annapolis Transportation Solutions / Chauffeur Service / Airport Shuttle Service
- Affordable Accounting / Accountant
Property Details for 115 Cathedral St
- Year built
- 1965
- Lot size
- 0.06 lot acres
- Property size
- 3,072 SF
- Zone code
- MX
- Property type
- Office buildings
- APN
- 06-000-09057300
- APU
- 600009057300
Description
This exceptional mixed-use property at 115 Cathedral Street in Annapolis, Maryland, presents a unique investment opportunity. The building, a Class B office space totaling 3,150 square feet, was constructed in 1965 and offers a highly desirable downtown location. Its prime position provides unparalleled convenience, situated within walking distance of key government buildings including the State and County Office Buildings, the Court House, and the State Capital building. The Annapolis City Dock is also easily accessible on foot, placing the property at the heart of the city's vibrant social and commercial scene. The building's versatility is further enhanced by a recently renovated two-bedroom apartment on the second floor, offering additional income potential or private residential space. This makes it ideal for a variety of professional uses, particularly for attorneys, lobbyists, or any business seeking a prestigious downtown address. Ample parking is available, adding to the property's appeal. The surrounding area boasts a wealth of amenities, including a wide selection of restaurants, taverns, hotels, coffee shops, and entertainment venues, creating a thriving and convenient environment for both business and personal pursuits. The asking price for this remarkable property is $787,500. This presents a compelling opportunity to acquire a well-located, income-generating asset in the thriving city of Annapolis. The property's zip code is 21401, and it is located in Anne Arundel County.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $755,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $705,000
- 6.5%
- $760,000
- 7%
- $710,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $675,000
- Geo Method
- $635,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $875,000
- Retail
- $795,000
- Mixed-Use
- $805,000
- Hospitality
- $635,000
- Educational
- $880,000
- Residential Income
- $755,000
- Energy
- $790,000
- Income-Based Land
- $695,000
- Food Service
- $690,000
Location Insight
- Map
- Local Demand
- City
- Annapolis
- County
- Anne Arundel
- State
- Maryland
- Longitude
- -76.4954
- Latitude
- 38.9778
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA