Friend Commercial Real Estate has completed the sale of a two-story retail building in the heart of Historic Downtown Annapolis, just steps from City Dock. The property, totaling approximately 1,956 square feet, was sold by Lynn Dulin, CCIM of Friend Commercial Real Estate, who represented the seller. The buyer is a local investor, and the transaction closed quietly this past fall.
The building had been under the same family ownership for decades, and this sale represents the first arms-length transaction since the late 1960s. Currently, the property is leased to a local clothing boutique, contributing to the vibrant retail scene in the area.
“This sale represented the end of a long chapter for a family with deep ties to the Annapolis community,” said Dulin. “We’re proud to have helped transition this Main Street gem to new local ownership, where it will continue to contribute to the area’s vibrant mix of retail, dining, and cultural experiences.”
The transaction highlights the ongoing demand for prime commercial real estate in Annapolis’s historic district, which attracts both tourists and locals. The sale underscores the value of properties in this sought-after location, known for its picturesque streets and bustling waterfront.
Friend Commercial Real Estate, a leading provider of commercial real estate brokerage, investment sales, and leasing services throughout Maryland, Washington D.C., and Virginia, facilitated the deal. The firm is known for its expertise in representing sellers, buyers, landlords, and tenants, and for delivering results through strategic market insights and client-focused service. Learn more at www.friendre.com.
This sale not only marks the end of a long chapter for the seller’s family but also ensures the property will remain under local stewardship, preserving its role in Annapolis’s historic downtown. The transaction demonstrates the continued vitality of the commercial real estate market in historic districts, where properties often change hands infrequently.
