PROPERTY DESCRIPTION

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.

HIGHLIGHTS

The current building was developed in 1989 by Jerome Parks after he purchased it in 1986, and for the last 35 years he has owned, managed, and maintained the property. The building has been home to countless tenants in its history, serving the retail demand of Historic Main Street in Annapolis, while also meeting the office demand of the legislators and lobbyists on State Circle.

Designed with those needs in mind, the building has direct street level access both on Main Street and State Circle. With just under 60 feet of frontage on main street- this retail storefront boasts a bold presence that cannot be overlooked as any of the 4 million tourists that visit Annapolis annually venture past. One rare feature of the building is its expansive atrium accessed directly from the retail entrance on Main Street. Future Owners and tenants can collaborate on creative visions to activate that space and bring a one-of-a-kind experience to Main Street Retail.