Thomas Park is pleased to announce the successful closing of a prominent mixed-use property located at 50 State Circle in downtown Annapolis. The 6,215-square-foot, three-story building, featuring both Class-A office space and a luxury residential apartment, sold for $2.6 million to a local buyer. The transaction was completed in under 30 days, underscoring the strong demand for well-located properties in today’s dynamic market. Thomas Park represented the owner MRE Capital in the transaction.
Constructed in 1833 and gut renovated in 2019, the building seamlessly blends historic charm with modern amenities. Its prime location on State Circle, adjacent to the Maryland State House, offers unparalleled access and visibility. The property’s mixed-use configuration caters to both commercial and residential tenants, making it a unique asset in the heart of Annapolis.
“This sale exemplifies the resilience of the Annapolis real estate market,” said Mason Popham, Executive Vice President at Thomas Park. “Achieving a precedent-setting price per square foot for downtown Annapolis, especially in a swift transaction, highlights the continued investor confidence in well-situated, quality assets.”
PROPERTY DETAILS:
- Address: 50 State Circle, Annapolis, MD 21401
- Building Size: 6,215 SF
- Lot Size: 0.05 acres
- Year Built: 1833
- Tenancy: Multiple (Class-A Office + Luxury Residential)
- Sale Price: $2.6 Million
- Buyer: Local Private Buyer
- Closing Timeline: Under 30 days
