2563 Forest DrAnnapolis, MD 21401

  • Retail properties
  • 16,621 SF
For Sale

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
2563 Forest Dr, Annapolis, Maryland

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$52,987
$1,638,000
$2,051,900
$3,689,900
-
$1,638,000
$2,051,900
$3,689,900

FAQs

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