410-260-6536
188 Main St, Annapolis, MD for Sale
Storefront - FOR SALE
1/13
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188 Main St
Annapolis, MD 21401


OVERVIEW

188 Main Street/9 State Circle presents a rare and exceptional investment opportunity in the heart of historic downtown Annapolis. This +/- 11,468 SF , 96% leased mixed-use asset offers unparalleled views of Main Street and the iconic Maryland State House, making it a coveted property in the area. The property boasts a diverse tenant mix, including food use & general retail outlets fronting Main Street and professional office space with access via State Circle. With a history of consistently high occupancy rates, vacancies are rare and quickly filled, indicating the enduring appeal and desirability of this prime location. With the largest tenant only occupying +/- 1,950 SF there is limited risk exposure tied to any one tenant and the smaller suite sizes bode well with the typical tenant size within the submarket. Acquiring this mixed-use asset provides investors with the assurance of a steady income stream in a strategic location that attracts retail tenants desiring high foot traffic, destination locations as well as professional office users competing for space with proximity to the Maryland State House.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9 State Circle

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C2

APN/PARCEL ID

06-000-05983350

ASK ABOUT THIS PROPERTY

Cecil CumminsHyatt CommercialMore Info
410-260-6536

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Cecil CumminsHyatt CommercialMore Info
410-260-6536

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