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2555 Riva Rd - Lot 2, Office, Hotel, Residential

1.73 Acres of Commercial Land Offered at £1,647,261 in Annapolis, MD 21401

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Investment Highlights

25,000 SF footprint approved for up to 50,000 SF on 4 stories with potential for additional density
Central plaza & landscaped park

Surface parking and 2 levels of structured parking
Parole Growth Management Area

Executive Summary

2555 RIVA Road is a mixed-use redevelopment consisting of three subdivided lots located at the highly visible and accessible intersection of Riva Road and Admiral Cochrane Drive in Annapolis, MD. The project consists of Aventon Annapolis, a 5-story, 250-unit luxury lifestyle apartment building with structured parking and 1st floor amenities (currently under construction), and a commercial portion with office and retail uses on the remaining two lots facing Riva Road. Lot 1 is a 1.19 acre fully entitled, and the site is fully developed, for a retail/restaurant building with surface parking. Lot 2 is a 1.73 acre fully entitled, and the site is fully developed, for a Class A office building with structured and surface parking. 2555 Riva Road features a grand central plaza, outdoor terrace, and landscaped park-like open spaces.

Marketing Brochure

Property Facts Under Contract

Price	£1,647,261	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Office Hospitality
No. Lots	1	Total Lot Size	1.73 AC
Property Type	Land

Price	£1,647,261
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Office Hospitality
Total Lot Size	1.73 AC

1 Lot Available

Lot 2

Price	£1,647,261	Lot Size	1.73 AC
Price Per AC	£952,174

Price	£1,647,261
Price Per AC	£952,174
Lot Size	1.73 AC

Lot 2 – A 1.73-acre parcel sketch plan approved to accommodate a 4-story Class A office building consisting of 2 levels of office, 25,000 sf each, and 2 levels of parking.

PROPERTY TAXES

Parcel Number	02-000-90241099	Improvements Assessment	£0
Land Assessment	£1,428,175	Total Assessment	£1,428,175

PROPERTY TAXES

Parcel Number

02-000-90241099

Land Assessment

£1,428,175

Improvements Assessment

£0

Total Assessment

£1,428,175

Listing ID: 25881666
Date on Market: 08/06/2022
Last Updated:
Address: 2555 Riva Rd, Annapolis, MD 21401

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2555 Riva Rd, Annapolis, MD for sale Building Photo- Image 1 of 4 — Rendering

2555 Riva Rd, Annapolis, MD for sale Construction Photo- Image 2 of 4 — Construction Progress

2555 Riva Rd, Annapolis, MD for sale Plat Map- Image 3 of 4 — Plat Map

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