Annapolis, MD 21401,247 KING GEORGE ST
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Annapolis, MD 21401,247 KING GEORGE ST
Annapolis, MD 21401,247 KING GEORGE ST
Annapolis, MD 21401,247 KING GEORGE ST
Annapolis, MD 21401,247 KING GEORGE ST

$4,650,000

Est. payment /mo

$4,000,000

16.3%
Est.Price: ?

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247 KING GEORGE ST Annapolis, MD 21401

14,000 SqFt

SOLD DATE : 08/30/2021

Key Details

Sold Price $4,650,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Square Footage 14,000 sqft

Price per Sqft $332

Subdivision Colonial Annapolis Historic District

MLS Listing ID MDAA457078

Sold Date 08/30/21

HOA Y/N N

Originating Board BRIGHT

Year Built 1760

Annual Tax Amount $22,292

Tax Year 2021

Lot Size 0.480 Acres

Acres 0.48

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.

Location

State MD

County Anne Arundel

Zoning C1

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Flooring Hardwood

Equipment None

Heat Source Central

Exterior

Garage Spaces 11.0

Utilities Available Water Available, Sewer Available, Electric Available, Phone Available

Water Access N

View City, Garden/Lawn, Street

Roof Type Shingle,Shake

Street Surface Black Top

Accessibility Elevator, 2+ Access Exits

Road Frontage City/County

Total Parking Spaces 11

Garage N

Building

Foundation Slab

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Anne Arundel County Public Schools

Others

Tax ID 020600008386000

Ownership Fee Simple

SqFt Source Assessor

Security Features Security System

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Eugene Parker Jr. • Rosso Commercial Real Estate Services, LLC.
Bought with Eugene Parker Jr. • Rosso Commercial Real Estate Services, LLC.

Nancy Gowan

Advisor | License ID: 669926

+1(858) 603-2774

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