110 Defense HwyAnnapolis, MD 21401

Property Details for 110 Defense Hwy

Year built

1940

Construction

BRICK

Lot size

0.58 AC

Property size (Sq ft)

1,794 SF

Zone code

C2

Property type

Office buildings

APN

02-197-12655600

APU

219712655600

Description

This exceptional 1,794 square foot executive office building, located at 110 Defense Highway in Annapolis, Maryland, presents a compelling investment opportunity. Priced at $1,200,000 ($668.90 per square foot), this multi-tenant property sits on a 0.58-acre lot and boasts nearly 100 feet of frontage on Defense Highway, offering significant visibility and accessibility. The property is zoned C2, allowing for a variety of redevelopment possibilities. Its strategic location provides easy access to major thoroughfares like Route 50 and I-97, ensuring convenient commutes for employees and clients. The building's current configuration is ideal for an executive office setting, but the C2 zoning opens doors for creative repurposing and expansion. This is a rare chance to acquire a well-situated commercial property in the thriving Parole Town Center of Annapolis, with the potential for substantial returns on investment. The land value is assessed at $668.90 per acre. The lease type is NNN. This property is situated in Anne Arundel County, Maryland, zip code 21401.

• CAP approach

  CAP return

  Valuation

  6%

  $341,254

  6.5%

  $315,004

  7%

  $292,503

• Comparable approach

  Method

  Valuation

  Relative Method

  $103,281

  Geo Method

  $112,861

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $611,357

  Retail / Commercial

  $315,226

  Mixed-Use / Specialty

  $315,462

  Hospitality / Lodging

  $233,214

  Institutional / Educational

  $328,439

  Residential Income

  $384,274

  Multifamily

  $453,340

  Automotive / Energy

  $281,519

  Parking / Income-Based Land

  $95,805.60

  Restaurant / Food Service

  $166,976

  Healthcare / Senior Housing

  $322,106

Location Insight

City

Annapolis

County

Anne Arundel

State

Maryland

Latitude

38.9864

Longitude

-76.5501

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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