2563 Forest DrAnnapolis, MD 21401

Property Details for 2563 Forest Dr

Year built

1969

Construction

BRICK

Lot size

1.17 AC

Property size (Sq ft)

16,621 SF

Zone code

B2

Property type

Retail space

APN

06-000-08576615

APU

600008576615

Description

This exceptional office space, located at 2563 Forest Drive in Annapolis, Maryland, presents a truly remarkable opportunity for businesses seeking a prime location. Situated on a generous 1.17-acre lot, this top-floor office boasts ample square footage, providing significant flexibility for various business needs. The property's strategic location offers unparalleled convenience, with close proximity to the Annapolis Mall and other key amenities, ensuring easy access for employees and clients alike. The expansive layout allows for a multitude of configurations, making it ideal for companies of all sizes. This is a rare chance to secure a substantial office space in a highly desirable Annapolis location. The building's prime position offers excellent visibility and accessibility, contributing to a strong business presence. The substantial size of the office allows for significant expansion potential, catering to future growth and evolving business requirements. This property is ready for immediate occupancy and presents an exceptional investment opportunity for businesses seeking a prominent and convenient location in the vibrant Annapolis market. The large lot size offers ample parking and potential for future development. Don't miss this chance to establish your business in a thriving area with excellent connectivity and a strong local economy. This is a unique opportunity to acquire a significant office space in a highly sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,131,290

  6.5%

  $2,890,420

  7%

  $2,683,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,002,230

  Geo Method

  $1,087,450

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,632,200

  Mixed-Use / Specialty

  $2,881,900

  Hospitality / Lodging

  $2,116,670

  Office

  $2,866,630

  Institutional / Educational

  $2,996,650

  Residential Income

  $3,506,080

  Multifamily

  $4,195,130

  Automotive / Energy

  $2,568,550

  Parking / Income-Based Land

  $884,618

  Restaurant / Food Service

  $1,502,690

  Healthcare / Senior Housing

  $2,953,500

Location Insight

City

Annapolis

County

Anne Arundel

State

Maryland

Latitude

38.9782

Longitude

-76.5384

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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