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    247 King George Street

    ANNAPOLIS, MD 21401
    • $4,000,000
    • STATUS: Active
    • ON SITE: 104 days
    • ID#: MDAA457078
    UPDATED: 59 min ago
    $4,000,000
    • 0
      BEDS
    • 0.48
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1760
    County:

    School Ratings & Info

    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+G-), 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 +G-call for offers+GG 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.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sky Group of Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-05-10T19:51:47.107.
    www.theskygroup.com/homes/113598951
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    247 King George Street ANNAPOLIS, MD 21401

    • Price: $4,000,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: MDAA457078
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.48
    Acres
    1760
    Built
    Neighborhood:
    Annapolis Historic District
    County:
    Anne Arundel
    School District:
    Anne Arundel County Public Schools
    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+G-), 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 +G-call for offers+GG 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.
    Exterior Features

    Construction Materials BrickMasonry Door Features Double Entry Garage YN No Location Type Downtown Other Equipment None Parking Features PrivateHandicap ParkingPublic Parking Types DrivewayOn StreetOff Site Property Condition Very Good Riparian Rights YN No Road Responsibility City/County Road Surface Type Black Top Roof ShingleShake Soil Types Urban Land Not Rated View CityGarden/LawnStreet Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 14000.00 Cooling Central A/C Flooring Hardwood Heating Central Heating YN Yes Net Square Feet 14000.00 Security Features Security System

    Property Features

    Accessibility Features Elevator2+ Access Exits Assessment Year 2021 Association YN No Business Type Professional Central Air YN Yes Cooling Fuel Other Electric 120/240V Elevators 1 Entry Level 1 Foundation Details Slab Heating Fuel Central Historic YN Yes Hot Water Electric Incorporated City Name Annapolis Internet Services Fiber Optic Lease Considered YN Yes Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 304449870716 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 22292.00 Tax Assessment Amount 1578800.00 Utilities Water AvailableSewer AvailableElectric AvailablePhone Available Vacation Rental YN No Water Source Public Year Built Effective 2006 Zoning C1 Zoning Description C1 Zoning Within The City Of AnnapolisMd. Please Visit City Of Annapolis Planning And Zoning For More info.

    Listing courtesy of Rosso Commercial Real Estate Services, Llc..


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sky Group of Long & Foster Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-05-10T19:51:47.107.
     
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    The Sky Group of Long & Foster Real Estate
    7700 Old Georgetown Rd, Suite 120
    Bethesda MD, 20814