9 State Circle | 188 Main St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
9 State Circle 188 Main St
11,468 SF 96% Leased Retail Building Annapolis, MD 21401 For Sale
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,468 SF
Building Class
B
Year Built
1989
Percent Leased
96%
Tenancy
Multiple
Number of Floors
3
Building FAR
2.63
Land Acres
0.10 AC
Zoning
C2 - This District is generally intended for office buildings. 50% of the floor area may be for a limited number of commercial uses that support office use
Frontage
63 ft on Main Street
Amenities
- Signage
Walk Score ®
Walker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 06-000-05983350 | Improvements Assessment | £1,503,556 |
| Land Assessment | £733,469 | Total Assessment | £2,237,025 |
PROPERTY TAXES
Parcel Number
06-000-05983350
Land Assessment
£733,469
Improvements Assessment
£1,503,556
Total Assessment
£2,237,025
-
Cecil Cummins -
John Gallagher -
Eric Pinkett -
Justin Mullen -
Hyatt Commercial
1 of 14
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
9 State Circle | 188 Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.