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412 6th Street

Gibson’s LLC Purchases Mixed-Use Property At 412-418 Sixth Street For $2.2M In Annapolis
SOLDMixed-use

Gibson’s LLC Purchases Mixed-Use Property At 412-418 Sixth Street For $2.2M In Annapolis

412 6th Street & 418 Sixth Street

$2,200,000

$177/SF

Building Size

12,390 SF

Asset Type

Mixed-use

Closing

Nov 26, 2025

AI

The property involved in the transaction is a mixed-use asset located at 412 6th Street & 418 Sixth Street in Annapolis, MD. The property consists of retail space along with two residential units, and it sold for $2,200,000. The total square footage of the property is 6,195, resulting in a price per square foot of $355.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,200,000
  • Address: 412 6th Street & 418 Sixth Street
  • Market: Annapolis, MD
  • Square Footage: 6,195
  • Price Per Square Foot: $355
  • Buyer: Gibson’s LLC
  • Brokers: Eric Pinkett, Cecil Cummins & William Steffey - Hyatt Commercial
  • Sale Date: 11/26/2025

Hyatt Commercial facilitated the transaction, closing the deal in under 30 days. The brokerage team comprised Eric Pinkett, Cecil Cummins, and William Steffey, who represented the buyer, Gibson’s LLC, in the successful acquisition of the property.

Players

Cecil Cummins

Hyatt Commercial

Broker

$51.4M

vol

8 deals

Broker
Hyatt Commercial
Hyatt CommercialBrokerage

Annapolis Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93