Georgetown Plaza in Annapolis Sells for $4.9 Million in First Ownership Change in Decades

Rosso Commercial Real Estate arranged the sale of Georgetown Plaza, a 40,000-square-foot, two-story mixed-use property at 914 Bay Ridge Road in Annapolis, Maryland, for approximately $4.9 million. The transaction closed on August 29, 2025, representing the first change in ownership for this long-standing neighborhood center in decades. Located along the highly traveled Forest Drive corridor, Georgetown Plaza has served the Annapolis Neck – Bay Ridge Peninsula community for over 30 years, featuring prominent tenants such as Main & Market, Domino’s, and Annapolis Family Dentistry.

John Rosso, Principal of Rosso Commercial Real Estate, emphasized the property's significance, noting its excellent location, strong tenancy, and decades-long reputation as a cornerstone for the Annapolis community. Rosso Commercial has managed leasing efforts at Georgetown Plaza since 2018 under prior ownership, with Ryan Brassel and Ross Westholm representing the seller in this off-market transaction. The new ownership has retained Ryan and Ross as exclusive leasing agents, ensuring continuity in management and further solidifying the property's role in the local retail and service landscape.

The sale underscores the enduring value of well-established commercial properties in high-traffic areas, with implications for future investment and community development in Annapolis. By maintaining existing tenancy and leasing strategies, the transaction supports stability for local businesses and residents, highlighting the importance of strategic real estate partnerships in preserving neighborhood hubs. For more details, visit https://citybiz.com.