1819 Bay Ridge AveAnnapolis, MD 21403

Property Details for 1819 Bay Ridge Ave

Year built

1977

Construction

BRICK

Lot size

1.07 AC

Property size (Sq ft)

20,564 SF

Zone code

P

Property type

Office properties

Property subtype

Office buildings

APN

06-000-01515300

APU

600001515300

Description

1819 Bay Ridge Avenue in Annapolis, Maryland, presents a fantastic opportunity for businesses seeking executive or medical office space. This multi-tenant office building offers a total of 20,564 square feet, with flexible suite sizes available. Currently, 4,868 square feet of space is vacant, divisible into units ranging from a minimum of 1,975 square feet to a maximum contiguous space of 2,893 square feet. The property is zoned C2, allowing for a variety of professional uses. Its convenient location in the desirable Bay Ridge neighborhood offers easy access to Historic Downtown Annapolis, a vibrant area with numerous shops, restaurants, and cafes. The building's proximity to Forest Drive ensures excellent connectivity throughout Annapolis. This property is ideal for businesses seeking a blend of professional ambiance and convenient access to amenities and transportation. The available space provides the flexibility to accommodate various business needs and sizes, making it an attractive option for both established companies and growing startups. Interested parties are encouraged to inquire about available floor plans and lease terms. The address is 1819 Bay Ridge Ave, Annapolis, MD 21403.

• CAP approach

  CAP return

  Valuation

  6%

  $3,389,120

  6.5%

  $3,128,418

  7%

  $2,904,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,192,449

  Geo Method

  $1,293,681

• Alternative Use

  Use

  Valuation

  Residential

  $3,879,239

  Hospitality

  $3,553,362

  Educational

  $2,956,356

  Medical

  $3,058,029

  Retail

  $4,598,776

Location Insight

City

Annapolis

County

Anne Arundel

State

Maryland

Latitude

38.9555

Longitude

-76.4922

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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