9 State Circle
11,468 SF | 96% Leased | Retail Building | Annapolis, MD 21401 | For Sale
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Retail
- Square Feet
- 11,468 SF
Listing Contacts
Cecil Cummins
Verified Profile
John Gallagher
Verified Profile
Eric Pinkett
Verified Profile
Justin Mullen
Verified Profile
- Property Info
Property Overview
188 Main Street/9 State Circle presents a rare and exceptional investment opportunity in the heart of historic downtown Annapolis. This +/- 11,468 SF , 96% leased mixed-use asset offers unparalleled views of Main Street and the iconic Maryland State House, making it a coveted property in the area.
The property boasts a diverse tenant mix, including food use & general retail outlets fronting Main Street and professional office
space with access via State Circle. With a history of consistently high occupancy rates, vacancies are rare and quickly filled,
indicating the enduring appeal and desirability of this prime location. With the largest tenant only occupying +/- 1,950 SF there is limited risk exposure tied to any one tenant and the smaller suite sizes bode well with the typical tenant size within the submarket.
Acquiring this mixed-use asset provides investors with the assurance of a steady income stream in a strategic location that attracts retail tenants desiring high foot traffic, destination locations as well as professional office users competing for space with proximity to the Maryland State House.
The property boasts a diverse tenant mix, including food use & general retail outlets fronting Main Street and professional office
space with access via State Circle. With a history of consistently high occupancy rates, vacancies are rare and quickly filled,
indicating the enduring appeal and desirability of this prime location. With the largest tenant only occupying +/- 1,950 SF there is limited risk exposure tied to any one tenant and the smaller suite sizes bode well with the typical tenant size within the submarket.
Acquiring this mixed-use asset provides investors with the assurance of a steady income stream in a strategic location that attracts retail tenants desiring high foot traffic, destination locations as well as professional office users competing for space with proximity to the Maryland State House.
Property Details
- Class
- B
- Year Built
- 1989
- Stories
- 3
- Lot Size (sq. ft)
- 4,356 SF
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