Overview

Description

Marcus & Millichap as the exclusive representative for the Owner is pleased to present this offering for the sale of 339 Busch’s Frontage Annapolis, Maryland (the “Property” or “Busch’s Frontage”). Located just off Route 50, and within minutes of Annapolis, the Bay Bridge, and great access to the eastern shore the property is exceptionally located to capitalize and benefit from the many local demand drivers. Route 50 to the Bay Bridge is the only major access point to the eastern shore for Maryland, District of Columbia, and Northern Virginia residents giving the property maximum exposure with 100,000 vehicles passing by


With over 70,000 residents, Busch’s Frontage is in a small submarket with the ability to serve a large population base. The residency has some of the highest purchasing power in the nation, with approximately 40% of the households averaging more than $140,000 per year nearby. Annapolis sees approximately 2.2 million visitors a year, bringing in over $500M to spend on the local economy. The Route 50 Corridor continues to remain a high-performing micro-market with vacancy in offices at less than 3% within a mile and retail at practically 0% for buildings larger than 5,000 square feet within the same radius.

Highlights

• OWNER USER OPPORTUNITY with approximately 14,000 square feet of availability (including the entire third floor) and over 150 total parking spaces, the building offers an excellent opportunity for a larger business to relocate or expand their presence to the highly affluent and prestigious Annapolis Market
• REPOSITIONING OPPORTUNITY with no medical office buildings within 2.5 miles, the vacancy is ideal for smaller medical tenants with limited competition to serve the growing elderly population base
• EXCELLENT VISIBILITY The Bay Bridge is the only major access point to the shore for the DC Metro Area, averaging a potential of 100,000 vehicles passing the Property per day.
• HIGH-PERFORMING SUBMARKET The office market near Busch’s Frontage is outperforming the overall market at 3% vacancy. The retail market is also superior with a vacancy rate of 0% within a 1-mile radius
• WEALTHY, INFLUENTIAL SUBMARKET near the Capitol, surrounded by wealthy residents and the ability to serve 70,000 residents within a few miles.
• NEW ROOF INSTALLED IN APRIL 2023 New TPO roof installed with 20-year warranty.

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