2563 Forest DrAnnapolis, MD 21401
- Retail properties
- 16,621 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,028,034
- 6.5%
- $3,718,186
- 7%
- $3,452,601
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,428,489
- Geo Method
- $2,634,980
-
Alternative Use
- Use
- Valuation
- Residential
- $3,136,428
- Hospitality
- $2,872,952
- Educational
- $2,390,262
- Medical
- $2,472,467
- Retail
- $3,718,186
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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