115 Cathedral StAnnapolis, MD 21401

Property Details for 115 Cathedral St

Year built

1965

Lot size

0.06 AC

Property size (Sq ft)

3,072 SF

Zone code

MX

Property type

Office buildings

APN

06-000-09057300

APU

600009057300

Description

This exceptional mixed-use property at 115 Cathedral Street in Annapolis, Maryland, presents a unique investment opportunity. The building, a Class B office space totaling 3,150 square feet, was constructed in 1965 and offers a highly desirable downtown location. Its prime position provides unparalleled convenience, situated within walking distance of key government buildings including the State and County Office Buildings, the Court House, and the State Capital building. The Annapolis City Dock is also easily accessible on foot, placing the property at the heart of the city's vibrant social and commercial scene. The building's versatility is further enhanced by a recently renovated two-bedroom apartment on the second floor, offering additional income potential or private residential space. This makes it ideal for a variety of professional uses, particularly for attorneys, lobbyists, or any business seeking a prestigious downtown address. Ample parking is available, adding to the property's appeal. The surrounding area boasts a wealth of amenities, including a wide selection of restaurants, taverns, hotels, coffee shops, and entertainment venues, creating a thriving and convenient environment for both business and personal pursuits. The asking price for this remarkable property is $787,500. This presents a compelling opportunity to acquire a well-located, income-generating asset in the thriving city of Annapolis. The property's zip code is 21401, and it is located in Anne Arundel County.

• CAP approach

  CAP return

  Valuation

  6%

  $594,484

  6.5%

  $548,754

  7%

  $509,557

• Comparable approach

  Method

  Valuation

  Relative Method

  $175,603

  Geo Method

  $193,260

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,052,560

  Retail / Commercial

  $545,190

  Mixed-Use / Specialty

  $547,538

  Hospitality / Lodging

  $407,297

  Institutional / Educational

  $570,752

  Residential Income

  $667,780

  Multifamily

  $777,111

  Automotive / Energy

  $489,216

  Parking / Income-Based Land

  $164,583

  Restaurant / Food Service

  $293,936

  Healthcare / Senior Housing

  $557,089

Location Insight

City

Annapolis

County

Anne Arundel

State

Maryland

Latitude

38.9778

Longitude

-76.4954

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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 unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].