Annapolis, MD – December 17, 2024 – Hyatt Commercial proudly announces the $7 million sale of a fully leased, +/- 21,000-square-foot mixed-use building in Downtown Annapolis. This premier property, located at 187-193 Main Street, combines four popular restaurants, high-quality office spaces, and rare on-site parking. The sale price represents the largest transaction ever on Main Street.
The building includes established restaurants such as Nano Asian Dining, Castlebay Irish Pub, Red Red Wine Bar, and Dry 85. Professional office tenants occupy the second and third floors, adding to its prominence.
Hyatt Commercial’s Senior Vice Presidents John Gallagher and Eddie Trujillo were the sole brokers for this off-market transaction. Their expertise and relationships ensured a smooth process.
Eddie commented, “This is truly a one-of-a-kind asset in Downtown Annapolis that has performed extremely well over the years. It would be challenging to replicate this building given the Main Street location and the zoning complexities and costs associated with building out restaurants in the city. The four well-established restaurants and quality upper floor office spaces make this a true ‘crown jewel’ in Annapolis.”
John, added, “We are happy with the Seller’s successful exit from this deal and look forward to working with the Buyer moving forward. This off-market transaction further highlights our ability to leverage long standing relationships within the market and identify opportunities that aren’t publicly marketed.”