Hyatt Commercial Sells 188 Main Street for $3.3M

Annapolis, MD – June 9, 2025 – Hyatt Commercial is pleased to announce the sale of 188 Main Street / 9 State Circle in historic downtown Annapolis, Maryland, for $3.3 million. This premier 11,468 SF, 96%-leased mixed-use investment was acquired by a private investor in a transaction led by Cecil Cummins, John Gallagher, Eric Pinkett, and Justin Mullen of the Hyatt Commercial sales team. The buyer was represented by Mason Popham of Thomas Park Commercial.

Situated on Main Street and within close proximity to the Maryland State House, 188 Main Street represents a rare and highly sought-after investment opportunity. The building features a diverse tenant mix, including retail storefronts, restaurants, and professional office suites, with access points on both Main Street and State Circle. With nearly 60 feet of direct frontage, this landmark property captures visibility and foot traffic from the 4 million visitors who pass through downtown Annapolis each year.

Originally developed in 1989 by Jerome Parks—who purchased the site in 1986—the building has been meticulously owned and managed by Parks for nearly four decades. Designed to meet the demand of both retail users and professional tenants near the State House, the property maintains consistently high occupancy rates.

With the largest tenant occupying just 1,950 SF, it offers a low-risk leasing profile well-suited to the downtown submarket. A standout feature is its expansive glass atrium, accessed directly from Main Street—offering future ownership a chance to create a one-of-a-kind experiential retail destination. “Properties like 188 Main don’t trade often—it’s a cornerstone of downtown Annapolis with a proven track record,” said Cecil Cummins, Executive Vice President at Hyatt Commercial. “It offers investors both stability and upside in one of the most iconic commercial blocks in the state.”