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151 West St Annapolis, MD 21401

Prime Annapolis Office Space Available

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
137
151 West Street in Annapolis, MD, offers a unique investment opportunity. This three-story, Class A office building, totaling 36,014 square feet, boasts a desirable Midtown location within the West Street Revitalization District. Built in 1998, the property features 80 on-site parking spaces and proximity to a 120-space public garage, along with numerous nearby amenities including restaurants, coffee shops, residential condos, and hotels. Currently 89% leased, with a weighted average lease term of 5.41 years, the building benefits from a strong tenant base, including a long-term State of Maryland occupant. The 4,079 square feet of available space is divisible into units ranging from 3,200 to 4,079 square feet, offering flexibility for various business needs. The 0.84-acre lot is zoned MX, providing potential for future development. This stable asset presents a below-replacement-cost acquisition opportunity in a thriving submarket, with attractive assumable financing in place. The building's efficient floor plates and convenient location contribute to its historically low vacancy rates (well below 10% over the past 10 years). Annapolis serves as a submarket to both the Washington, D.C., and Baltimore MSAs, within a Class A office market of less than 2 million square feet. This property is part of a smaller, highly desirable Suburban-Urban Core Class A Office Market consisting of only 8 buildings totaling 690,000 square feet.

Highlights

  • Class A, 36,014 SF office building in Annapolis, MD's West Street Revitalization District.
  • 80 on-site parking spaces plus proximity to a 120-space public garage.
  • 89% leased with a 5.41-year weighted average lease term; 4,079 SF of divisible space available.
  • 0.84-acre lot zoned MX, offering future development potential.
  • Below-replacement-cost acquisition opportunity with attractive assumable financing.

Property Details for 151 West St

Property type
Office properties
RSF (Rentable sq. ft)
36,014 SF
Class
A
Year Built
1998
Buildings
1
Stories
3

Unit(s) available at that property

Space
Turn Key Office Space For Lease
Size
4,079 SF

Location Insight

City
Annapolis
County
Anne Arundel
State
Maryland
Latitude
38.9773167
Longitude
-76.498856

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FAQs

What type of property is this?
Office property - Prime Annapolis Office Space Available
Where is the office property located?
The property is located at 151 West St Annapolis, MD.
What are key features of this property?
This property features: Class A, 36,014 SF office building in Annapolis, MD's West Street Revitalization District.; 80 on-site parking spaces plus proximity to a 120-space public garage.; 89% leased with a 5.41-year weighted average lease term; 4,079 SF of divisible space available.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

John Gallagher
John Gallagher
Cecil Cummins
Cecil Cummins
Shane Denman
Shane Denman
Visit Broker Website

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Useful Information

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West St
Annapolis, MD 21401

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West St
Annapolis, MD 21401

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

151 West St
  • John Gallagher
    John Gallagher
  • Cecil Cummins
    Cecil Cummins
  • Shane Denman
    Shane Denman
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