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2555 Riva Rd - Lot 2, Office, Hotel, Residential

1.73 Acres of Commercial Land Offered at $2,100,000 in Annapolis, MD 21401

Investment Highlights

  • 25,000 SF footprint approved for up to 50,000 SF on 4 stories with potential for additional density
  • Central plaza & landscaped park
  • Surface parking and 2 levels of structured parking
  • Parole Growth Management Area

Executive Summary

2555 RIVA Road is a mixed-use redevelopment consisting of three subdivided lots located at the highly visible and accessible intersection of Riva Road and Admiral Cochrane Drive in Annapolis, MD. The project consists of Aventon Annapolis, a 5-story, 250-unit luxury lifestyle apartment building with structured parking and 1st floor amenities (currently under construction), and a commercial portion with office and retail uses on the remaining two lots facing Riva Road. Lot 1 is a 1.19 acre fully entitled, and the site is fully developed, for a retail/restaurant building with surface parking. Lot 2 is a 1.73 acre fully entitled, and the site is fully developed, for a Class A office building with structured and surface parking. 2555 Riva Road features a grand central plaza, outdoor terrace, and landscaped park-like open spaces.

Property Facts Under Contract

Price $2,100,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Office
  • Hospitality
Total Lot Size 1.73 AC

1 Lot Available

Lot 2

Price $2,100,000
Price Per AC $1,213,873
Lot Size 1.73 AC

Lot 2 – A 1.73-acre parcel sketch plan approved to accommodate a 4-story Class A office building consisting of 2 levels of office, 25,000 sf each, and 2 levels of parking.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-000-90241099
Land Assessment
$1,820,700
Improvements Assessment
$0
Total Assessment
$1,820,700
  • Listing ID: 25881666

  • Date on Market: 6/8/2022

  • Last Updated:

  • Address: 2555 Riva Rd, Annapolis, MD 21401

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