Dimitri Apostolopoulos


247 King George Street
Annapolis, Maryland MD 21401
Listing ID MDAA457078
Price: $4,000,000
14,000 SqFt
0.480 Acres
Just Listed! Once in a lifetime opportunity to acquire an irreplaceable, landmark property, in the heart of Historic Annapolis! For the first time in 77 years, we are pleased to present the opportunity to purchase 247 King George Street (currently used by the US Naval Academy as the "Alumni House”), along with 49 College Avenue (two contiguous parcels of land totaling 0.73 acres +/-). This is truly a spectacular property with many possibilities for a new buyer, and represents a once-in-a-lifetime opportunity to acquire one of the most sought-after pieces of real estate (and a piece of history) in the state's Capital. All structures are currently being used by the USNA AA&F for non-profit office space and affiliated affairs, however, the property could serve as an absolutely extraordinary home/family compound, B&B/Inn, etc. Located on the prominent corner of King George St. & St. Johns College, large rear patio space, perfect for entertaining or events. There is also a separate elevator-served entrance serving Ogle Hall. The Seller has requested all interested parties return a registration/NDA agreement so we may properly share all materials that have been compiled from USNA AA&F for the review and consideration of a Buyer. This includes a recent title examination/title search letter, excerpts from a recent appraisal, floor plans (*note all dimensions are approx. and should be confirmed by buyer), interior/exterior photos, expense data, MHT info, etc. The same will be provided to Buyers via a secure dropbox link upon receipt of the signed NDA. Additionally, the USNA AA&F will be relocating to their new facility on campus in the August-November 2022 timeframe, therefore would have an interest in a possible rent-back after closing until such time the new facility is complete, with terms and conditions that can be mutually agreed upon in an offer to purchase. Please note the Seller is bringing the property to the market with 'price guidance' in the $4M+ range, however will be selling the property under a ‘call for offers’ sale, with all offers due by February 23rd. The Seller will be selecting the highest and best offer / buyer. We will be conducting property tours over the next few weeks and would be glad to answer any questions and further discuss at your convenience. Please contact Rosso Commercial Real Estate (410-260-0903) for more information.
County: Anne Arundel
Price/SqFt: 285.71
Property Sub Type: Office
Property Type: Commercial Sale
Year Built: 1760
Zoning: C1
Building Total SqFt Source: Estimated
Central Air: yes
Cooling Type: Central A/C
Flooring Type: Hardwood
Heating: yes
Heating Type: Central
Building Units Total: 3
Car Parking Spaces: 11
Construction Materials: Brick, Masonry
Cooling Fuel: Other
Electric Service: 120/240V
Fencing: Y
Foundation Details: Slab
Heating Fuel: Central
Hot Water: Electric
Lot Size Source: Assessor
Lot Size Units: Square Feet
Navigable Water: no
New Construction: no
Parking Features: Private, Handicap Parking, Public
Road Responsibility: City/County
Road Surface Type: Black Top
Roof: Shingle, Shake
Sewer Septic: Public Sewer
Soil Types: Urban Land Not Rated
Tidal Water: no
Total Garage and Parking Spaces: 11
Type of Parking: Driveway, On Street, Off Site
Utilities: Water Available, Sewer Available, Electric Available, Phone Available
Water Access: no
Water Oriented: no
Water Source: Public
Water View: no
Country: US
In City Limits: yes
Location Type: Downtown
Municipality: Annapolis
Views: City, Garden/Lawn, Street
Waterfront: no
Zoning Description: C1 Zoning within the City of Annapolis, MD. Please visit City of Annapolis Planning and Zoning for more info.
Accessibility Features: Elevator, 2+ Access Exits
Building Classification: Class B
Business Type: Professional
Historic: yes
Municipal Trash: no
Potential Tenancy: Multiple
Property Condition: Very Good
Property Manager: N
Property Use: Owner User
Year Assessed: 2021
Year Built Source: Assessor
Association Recreation Fee: N
Automatically Update Tax Values: yes
Ground Rent Exists: no
Lease Considered: yes
Net SqFt: 14000
Ownership Interest: Fee Simple
Possession: Negotiable
Riparian Rights: no
Sale Type: Standard
Tax Annual Amount: 22292
Tax Assessed Value: 1578800
Tax Data Updated: no
Tax Opportunity Zone: N
Tax Year: 2021
Vacation Rental: no

© 2021 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing courtesy of Rosso Commercial Real Estate Services, LLC.. Data last updated on Thursday, June 24th, 2021 07:57:37 PM.

Contact - Listing ID MDAA457078

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Dimitri Apostolopoulos - COMPASS

7200 Wisconsin Ave, Suite 902
Bethesda, MD 20814
Phone: (301) 674-2245
Phone Alt: (301) 304-8444

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