Hyatt Commercial Announces Sale of Long-Time Restaurant Property in Downtown Annapolis

ANNAPOLIS, MD — Nov. 9, 2026 — Hyatt Commercial is pleased to announce the $2.215 million sale of 132 Dock Street, a ±2,500-square-foot restaurant property in downtown Annapolis. 

John Gallagher, Executive Vice President at Hyatt Commercial, represented the seller in the transaction. An entity affiliated with Chesapeake Properties, a local real estate owner and operator, purchased the property. 

Armadillos Bar & Grill occupied the property for more than 30 years. The restaurant recently underwent renovations and rebranded as Mavericks, a country and rock-themed bar and entertainment venue. 

“I’ve been a customer of 132 Dock Street for years and as an Annapolis resident, it was important to me that such a prominent property remain locally owned. The downtown location, combined with the existing restaurant infrastructure and the City Dock Project, made this a natural fit for our portfolio," said Jonathan Hollander, CEO of Chesapeake Properties. "We are excited to work with Scott as he rebrands to Mavericks, and we can’t wait to try the new menu. Thanks to John Gallagher of Hyatt Commercial for guiding this sale, to Scott’s team for their great communication and to City Staff for moving quickly with the permitting.” 

Located in the heart of downtown Annapolis, the property sits along Dock Street with views of Ego Alley and is within steps of the $87 million City Dock Project. 

“The demand we saw for this opportunity was substantial. Multiple offers were submitted, and the property ultimately sold in less than 90 days,” said Gallagher. “The waterfront location, coupled with existing restaurant and bar infrastructure, is a rarity in the market. While the nearby construction has certainly impacted many businesses, I believe the finished project will be a major positive for the City, its businesses and tourism moving forward.” 

For media inquiries, please contact Sarah Ashe at sashe@hyattcommercial.com. 

 

About Hyatt Commercial 

Hyatt Commercial has provided commercial real estate services to local, regional, and national clients throughout the Mid-Atlantic for more than 65 years. As part of The Reliable Group, Hyatt Commercial works alongside affiliated companies in property management, commercial construction, development, and real estate investment, offering clients access to a broader range of expertise and resources. Learn more at hyattcommercial.com and thereliablegrp.com. Follow Hyatt Commercial on Facebook, Instagram, X, and LinkedIn.