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247 King George St

Annapolis, MD, 21401

$4,000,000

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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”), 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 ‘call for offers’ 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.

Essential Information

MLS® #MDAA457752
Price$4,000,000
Bathrooms0.00
Square Footage7,185
Acres0.48
Year Built1760
TypeResidential
Sub-TypeDetached
StyleColonial
StatusPending

Community Information

Address247 King George St
SubdivisionHistoric Annapolis
CityAnnapolis
CountyANNE ARUNDEL-MD
StateMD
Zip Code21401

Amenities

Amenities

Elevator, Crown Molding, Carpet, Sprinkler System, Recessed Lighting

Utilities

Electric Available, Sewer Available, Water Available, Phone Available

Parking

Private, Surface, Brick Driveway

View

City, Garden/Lawn, Courtyard, Street

Interior

HeatingCentral
CoolingCentral A/C
Has BasementYes
FireplaceYes
# of Fireplaces7
# of Stories3
Stories3

Basement

Daylight, Partial, Fully Finished, Heated, Improved, Interior Access, Outside Entrance

Exterior

ExteriorBrick and Siding
RoofShake, Shingle

Exterior Features

Brick Porch, Patio, Decorative Fence, Picket Fence

Lot Description

Corner Lot, Front Yard, Landscaping, Road Frontage, SideYard(s), Subdivision Possible

School Information

District

ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Additional Information

Date ListedJanuary 26th, 2021
Days on Market123
ZoningC1

Listing Details

Office

Rosso Commercial Real Estate Services, LLC.

Property History
Status Changed from Active to Pending

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Listing information last updated on August 2nd, 2021 at 12:03pm EDT.