Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
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Car Rental Facility
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Accounting Firm Tax Preparation
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The Mixed Use district is designed to encourage a mixture of residential, office and retail uses within the inner West Street corridor compatible with each other and with surrounding areas
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
MX · Annapolis, MDThe Mixed Use district is designed to encourage a mixture of residential, office and retail uses within the inner West Street corridor compatible with each other and with surrounding areas
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The Mixed Use district is designed to encourage a mixture of residential, office and retail uses within the inner West Street corridor compatible with each other and with surrounding areas
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MX in Annapolis, MD.
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Find the owner behind the property.
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