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Home For Sale Maryland Annapolis 2615
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Mixed Use For Sale By Owner

Reduced - MX Zoning Commercial/Residential w parking




125 Cathedral St, Annapolis, Maryland 21401 United States
Description

Agents are welcome. Standard commission will be paid to buyer agent.

This property is being offered for $798,000. It is approximately 2500sqft. It is one block from the Court house on Church circle and about a block and a half from the State Capital building. It is perfect for an attorney or anyone doing business with the legislature. One of the best features of this property is that it is zoned MX. Which means mixed use. It can be used as both Commercial and Residential. All the modification needed to make this property pass as a residential property have been done. These included a full kitchen, full bath and a washer and dryer hookup. As a result, this property has a residential mortgage. A residential mortgage has far more favorable terms than a commercial. It has both better rates and allows for a 30 year payback as a posed to a 15 year term.

The second floor can be divided to have an apartment which can be rented. It has been completely renovated with new Maple hardwood floors on the first floor and refinished original heart pine wood floors on the second floor. The property has 2 full floors with an additional full height area in the basement and a large additional area in the basement which is about 6' high which can be used for storage, computer severs or phone equipment. There is also an additional finished attic area on the third floor which can be used as an office. There are 2 bathrooms, both of which have been renovated. The metal roof was redone about 5 years ago and painted in 2011. There are 4 parking spaces accessible from City gate lane. There are storm windows over all windows in the building. They were installed in 2011. There are quite ductless air conditioning units in most of the rooms in the building. The heat is gas with radiators. This building is in move in condition.

Price: $680,000
Property Sub-Type: Mixed Use
Listing ID: 2615

Map of: 125 Cathedral St, Annapolis, Maryland 21401 United States

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