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    247 King George Street

    ANNAPOLIS, MD 21401
    • $4,000,000
    • STATUS: Active
    • ON SITE: 73 days
    • ID#: MDAA457752
    UPDATED: 56 min ago
    $4,000,000
    • 0
      BEDS
    • 0.48
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,185
      SQFT
    • $557
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    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 Riffle Group of Keller Williams Select Realtors. 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: 2021-04-10T14:53:00.267.
    www.therifflegroup.com/homes/113639687
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    247 King George Street ANNAPOLIS, MD 21401

    • Price: $4,000,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: MDAA457752
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.48
    Acres
    7,185
    SQFT
    $557
    $/SQFT
    1760
    Built
    Neighborhood:
    Historic Annapolis
    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

    Architectural Style Colonial Construction Materials BrickMasonry Direction Faces Northeast Door Features Double Entry Fencing DecorativePicket Garage YN No Location Type Downtown Lot Features CornerFront YardLandscapingRoad FrontageSideyard(S)Subdivision Possible Other Structures Above GradeBelow Grade Parking Features PrivateSurfaceBrick Driveway Parking Types DrivewayOn Street Patio And Porch Features BrickPatio(S) Pool No Pool Property Condition Very Good Riparian Rights YN No Road Responsibility City/County Road Surface Type Black Top Roof ShakeShingle Soil Types Urban Land Not Rated View CityGarden/LawnCourtyardStreet Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 7185 Basement DaylightPartialFully FinishedHeatedImprovedInterior AccessOutside Entrance Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplace YN Yes Fireplaces Total 7 Flooring Hardwood Furnished No Heating Central Heating YN Yes Interior Features ElevatorCrown MoldingsCarpetSprinkler SystemRecessed Lighting Levels 3 Main Level Bedrooms 0 Pets Allowed No Pet Restrictions Security Features Security System Spa YN No Unit Floors 3 Walls Ceilings Masonry

    Property Features

    Accessibility Features Elevator2+ Access Exits Assessment Year 2020 Association YN No Building Sites 3 Central Air YN Yes Condo YN No Cooling Fuel Other Cross Street College Avenue Electric 120/240V Elevators 1 Entry Level 1 Federal Flood Zone YN No Heating Fuel Other Historic YN Yes Horse YN No Hot Water Electric Incorporated City Name Annapolis Internet Services Fiber Optic Lease Considered YN Yes Navigable Water YN N New Construction YN No Original MLSNumber 304457867416 Ownership Interest Fee Simple Pets Allowed YN Yes Possession NegotiableSeller Rent Back Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 22292.00 Tax Assessment Amount 1581000.00 Transportation Bus Stop Less Than 1 MileCommuter Lots Less Than 5 Miles Utilities Electric AvailableSewer AvailableWater 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 Riffle Group of Keller Williams Select Realtors. 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: 2021-04-10T14:53:00.267.
     
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    The Riffle Group of Keller Williams Select Realtors
    1997 Annapolis Exchange Parkway, Suite 500
    Annapolis MD, 21401