Annapolis, MD – June 9, 2025 –Hyatt Commercial is pleased to announce the $3.3 million sale of 188 Main Street / 9 State Circle in historic downtown Annapolis, Maryland. This premier 11,468-square-foot mixed-use property is 96% leased. A private investor acquired the building in a transaction led by Cecil Cummins, John Gallagher, Eric Pinkett, and Justin Mullen of Hyatt Commercial. Mason Popham of Thomas Park Commercial represented the buyer.
A Rare Investment Opportunity in Downtown Annapolis
Situated on Main Street and just steps from the Maryland State House, 188 Main Street represents a rare and highly sought-after investment opportunity. The building offers a diverse tenant mix with retail storefronts, restaurants, and professional office suites. In addition, it provides access points on both Main Street and State Circle. With nearly 60 feet of direct frontage, this landmark property benefits from strong visibility and foot traffic from the more than 4 million visitors who pass through downtown Annapolis each year.
Jerome Parks purchased the site in 1986 and developed the property in 1989. Since then, he has carefully owned and managed the building for nearly four decades. As a result, the property has consistently attracted both retail users and professional tenants near the State House and has maintained high occupancy rates.
The largest tenant occupies only 1,950 square feet, which creates a balanced and low-risk leasing profile well-suited to the downtown submarket. Furthermore, the building’s expansive glass atrium, accessed directly from Main Street, offers future ownership the opportunity to create a one-of-a-kind experiential retail destination.
“Properties like 188 Main don’t trade often—it’s a cornerstone of downtown Annapolis with a proven track record,” said Cecil Cummins, Executive Vice President at Hyatt Commercial. “It offers investors both stability and upside in one of the most iconic commercial blocks in the state.”
Also covered by Report Annapolis, Patch, and CityBiz.
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