Curated News
By: NewsRamp Editorial Staff
October 27, 2025
Historic Annapolis Building Changes Hands After 50+ Years
TLDR
- Local investors can gain prime Annapolis retail space through Friend Commercial Real Estate's strategic property sales in high-demand historic locations.
- Friend Commercial Real Estate facilitated the sale of a 1,956 square foot retail building that had remained in one family since the 1960s.
- This property transition preserves Annapolis's historic character while ensuring continued local retail presence that benefits the community's cultural vibrancy.
- A downtown Annapolis building sold for the first time in over 50 years, maintaining its role as a local boutique space near City Dock.
Impact - Why it Matters
This transaction matters because it represents the ongoing evolution of historic downtown commercial districts while maintaining local ownership. For Annapolis residents and visitors, it ensures the preservation of the area's unique character while allowing for continued commercial vitality. The sale demonstrates how historic properties can transition to new ownership without losing their community significance, setting a precedent for similar transactions in other historic districts. For commercial real estate investors, it highlights the enduring value of prime downtown locations and the importance of experienced brokerage firms in facilitating smooth transitions of long-held family properties.
Summary
Friend Commercial Real Estate has successfully facilitated the sale of a significant two-story retail building located in the heart of Historic Downtown Annapolis, just steps from City Dock. The transaction, which quietly closed this past fall, involved Lynn Dulin, CCIM of Friend Commercial Real Estate representing the seller, while the buyer was identified as a local investor. This property sale marks a notable transition as the building had been held within the same family for decades, representing the first arms-length transaction since the late 1960s. The approximately 1,956 square foot building currently houses a local clothing boutique, maintaining its commercial presence in this prime downtown location.
The sale represents more than just a real estate transaction—it signifies the end of a long chapter for a family with deep community ties to Annapolis. As Lynn Dulin emphasized, "This sale represented the end of a long chapter for a family with deep ties to the Annapolis community." The successful transition to new local ownership ensures this Main Street property will continue contributing to the area's vibrant mix of retail, dining, and cultural experiences. Friend Commercial Real Estate, a leading provider of commercial real estate services throughout Maryland, Washington D.C., and Virginia, demonstrated their expertise in handling such meaningful transactions that bridge historical significance with modern commercial real estate needs.
This transaction highlights the ongoing evolution of Historic Downtown Annapolis while preserving its commercial character. The building's prime location near City Dock makes it a valuable asset in one of Maryland's most historic and commercially active districts. Readers can learn more about Friend Commercial Real Estate's comprehensive services, including their affiliate Friend Property Management, by visiting their website at www.friendre.com. This successful sale underscores the firm's reputation for delivering results through strategic market insights and client-focused service, particularly in handling properties with significant historical and community value in the Annapolis area.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Historic Annapolis Building Changes Hands After 50+ Years
