Views
Address
247 King George Street Annapolis, MD
Price
$ 4,000,000
Property Attributes
  • MLS#MDAA457078
  • TypePending
  • CountyANNE ARUNDEL
  • CityAnnapolis
  • NeighborhoodANNAPOLIS HISTORIC DISTRICT
  • Zip21401
  • StyleProfessional
  • Year Built1760
  • Taxes$ 22292
  • Price$ 4,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage14000
  • Lot Size0.48 Acres
Listing Provided Courtesy Of:
Rosso Commercial Real Estate Services, LLC.
Data Source:
Bright MLS - 382 - MD
Property Description

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.

Price History
1/25/2021 Listed $4,000,000

General Features

Accessibility Elevator, 2+ Access Exits
Building Name NONE AVAILABLE
Business Type Professional
Construction Materials Brick, Masonry
Cool Fuel Other
Cooling Central A/C
County ANNE ARUNDEL
Days on Market 124
Electric 120/240V
Flooring Hardwood
Heating Central
Historic Y/N Yes
Location Type Downtown
Municipality Annapolis
New Construction No
Ownership Fee Simple
Possession Negotiable
Price Per Sq Ft 285.71
Property SubType Office
Property Type Commercial Sale
Property Use Owner User
PropertyCondition Very Good
Roof Shingle, Shake
Security Features Security System
Sewer Public Sewer
Subdivision Name ANNAPOLIS HISTORIC DISTRICT
Tax Annual Amount 22292.0
Tax Year 2021
Total Units 3
Utilities Water Available, Sewer Available, Electric Available, Phone Available
Vacation Rental Y/N No
View City, Garden/Lawn, Street
Water Access Y/N No
Zoning C1
Zoning Description C1 Zoning within the City of Annapolis, MD. Please visit City of Annapolis Planning and Zoning for more info.

Interior Features

Central Air Y/N Yes
Entry Level 1
Heating Fuel Central
Heating Y/N Yes
Hot Water Electric
Number of Elevators 1

Exterior Features

Building Area Total 14000.00
Car Parking Spaces 11
Door Features Double Entry
Fencing Y/n Yes
Foundation Details Slab
Lot Size Acres 0.48
Lot Size Source Assessor
Lot Size Square Feet 20901.00
Navigable Water Y/N No
Parking Features Private, Handicap Parking, Public
Road Responsibility City/County
Road Surface Type Black Top
Soil Types Urban Land Not Rated
Total Parking Spaces 11
Type of Parking Driveway, On Street, Off Site
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 21401

Price
AVG $700K
$4M
Taxes
AVG $6,104
$22,292
Visits
AVG 77
122
Year Built
AVG 1972
1760
Walkscore
AVG 38
77
Data Provided by Walkscore ® not using MLS data

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