1503 Forest DrAnnapolis, MD 21401

Property Details for 1503 Forest Dr

Year built

1970

Lot size

1.03 AC

Property size (Sq ft)

3,900 SF

Zone code

B2

Property type

Commercial land

APN

06-000-08978225

APU

600008978225

Description

This exceptional 1.07-acre commercial development site in Annapolis, Maryland, presents a unique investment opportunity. Located at 1503 Forest Drive, in Anne Arundel County (zip code 21401), this property boasts a B2 zoning designation and is fully approved for construction. Approved plans are available for a three-story office/retail building totaling up to 22,000 square feet, with potential for expansion up to 22,600 square feet. The design includes approximately 3,780 square feet of ground-floor retail space, ideal for a variety of uses. The site offers excellent visibility and accessibility, with frontage on both Forest Drive and Spa Road, and convenient access to Route 50 and I-97. The property also includes plans for approximately 70 surface parking spaces. Its location near Annapolis Middle School and minutes from Historic Downtown Annapolis makes it highly desirable. This permit-ready site is perfect for office, daycare, food service, retail, or medical uses. The asking price is $1,650,000. Don't miss this chance to develop a thriving commercial property in a prime Annapolis location.

• Alternative Use

  Use

  Valuation

  Residential

  $735,753

  Hospitality

  $673,946

  Educational

  $560,715

  Medical

  $579,999

  Retail

  $872,223

Location Insight

City

Annapolis

County

Anne Arundel

State

Maryland

Latitude

38.9623

Longitude

-76.5122

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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