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51 West St 9,452 SF 100% Leased Retail Building Annapolis, MD 21401 For Sale

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Investment Highlights

Rare Mixed-Use Investment Opportunity – Acquire a fully leased, income-producing asset in the heart of Annapolis' sought-after Arts District.
Established Restaurant Business Included – Opportunity to purchase a successful, 25-year-old operating restaurant along with the real estate.
Flexible Ownership Strategies – Ideal for investors, owner-users, restaurateurs, or developers seeking a stabilized asset with upside potential.

100% Occupied with Multiple Income Streams – Four-story, ±9,452 SF property featuring multiple tenants and diversified revenue sources.
Prime Downtown Annapolis Location – Prominent frontage and visibility on both West Street and Cathedral Street within a vibrant dining, retail, and en
Value-Add Redevelopment Potential – Mixed Use zoning supports future conversion opportunities including boutique hotel, multifamily, or condominium se

Executive Summary

The sale offering at 51 West Street is a rare opportunity to acquire a 100% leased, mixed-use, multi-tenanted, income-producing asset, AND a 25-year-old, currently operating restaurant business, in the heart of the Annapolis Arts District — one of the most culturally vibrant corridors in the region. The ±9,452 SF building spans four stories, including lower-level restaurant storage space, across five independent condominium units, with frontage and multiple means of egress on both West Street and Cathedral Street. Zoned Mixed Use, 51 West Street offers multiple paths to value: acquire the real estate and restaurant business together, purchase the real estate and bring a new restaurant concept to the retail storefront, purchase the fully leased real estate and hold as a stabilized investment, or leverage zoning for conversion to hotel, multifamily, or even look to sell off the individual condominiums. Great for Investor or Owner User ! Reach out for access to the offering memorandum and data room!