115 Cathedral St, Annapolis, MD 21401-2790
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.
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Dowling John J Law Firm
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Annapolis Transportation Solutions Car Rental Facility
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Affordable Accounting Accounting Firm Tax Preparation
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
MX · Annapolis, MDAnnapolis. Always verify with local authorities before improvements.
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.