MRE Capital Sells 6,215 Square Foot Mixed-Use Building In Annapolis For $2.6 Million

A mixed-use building located at 50 State Circle in Annapolis, MD was sold for $2,600,000. The asset spans 6,215 square feet with a price per square foot of $418. The property was renovated in 2019 and was under contract in less than 30 days, indicating robust market demand for prime downtown real estate.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $2,600,000
• Sale Date: 05/07/2025
• Address: 50 State Circle, Annapolis, MD
• Square Footage: 6,215
• Price per Square Foot: $418
• Seller: MRE Capital
• Broker: Mason Popham - Thomas Park Investments

Mason Popham represented MRE Capital in this transaction, facilitating the sale of the property. The deal reflects a strong investor confidence in the area, as indicated by the swift closure.