Property profile

300 Legion Ave Annapolis, MD 21401

OFF-MARKET
Warehouses
Property ID
US40-1732527
21,375 SF 1.1 ac lot Built 1974
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Annapolis property, located at 300 Legion Ave, 21401, offers a unique blend of warehouse and flex space, perfect for a variety of businesses. Situated in Anne Arundel County, Maryland, this single-building complex provides two available suites, ranging from 1,621 square feet to 3,926 square feet, ideal for multiple tenants. The property's classification as both retail and industrial allows for considerable flexibility in tenant type. Its strategic location provides easy access to Route 50, ensuring excellent accessibility for employees, clients, and deliveries. The property is well-suited for retail, office, or service-oriented businesses seeking a convenient and easily accessible location in Annapolis. The building's design caters to the needs of diverse businesses, offering adaptable spaces to accommodate various operational requirements. This presents a compelling opportunity for businesses looking to establish a strong presence in a thriving Annapolis market. The property's multiple suite configuration allows for scalability and growth potential, making it an attractive option for businesses of all sizes. This prime location in Anne Arundel County offers a blend of convenience and accessibility, making it an ideal choice for businesses seeking a strategic location in the Annapolis area.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1974
Construction BRICK
Total area 21,375 SF
Lot 1.1 ac (47,916 SF)
Zoning code I1
APN 06-551-06104050
UPID US40-1732527

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Painting Service General Contractor

Location

300 Legion Ave Annapolis, MD 21401-4139
Annapolis metro Census 706500 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.69M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.10M
Blend (final) Blend
$6.22M

Owner & transaction history

since 2023
Last sale
$5.7M
4 recorded transactions
2023
$5.7M
2020
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I1 · Annapolis, MD
Zoning description

The I1 Industrial district is designed to provide an environment suitable for industrial activities that do not create appreciable nuisances or hazards

General category INDUSTRIAL
Top alternative use upside
Auto repair, garage $9.1M +27.6%
Retail stores $8.9M +24.3%
Medical building $7.8M +9.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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