1 N Charles St - Medical FOR SALE
Baltimore, MD 21201 |
1 N Charles St
Baltimore, MD 21201
HIGHLIGHTS
- 49% leased, 290,423 square foot landmark building in Baltimore’s CBD positioned for value creation through a multifamily conversion or lease-up.
- Plans and a model apartment unit exist for 14 single-bedroom units per floor, and segments of the existing leases contain landlord relocation rights.
- Elevators were fully modernized in 2016 with new card readers and a mid-building breakpoint above the lower and upper floor elevator shafts.
- Entrances on Fayette and Charles Streets afford the ability to restack and convert about half of the building to residential while maintaining income.
- Just a few blocks away from Baltimore’s Inner Harbor, which fuels a strong demand from office, retail, and residential tenants in the area.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Landmark Office Tower | Baltimore CBD
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
290423
STORIES
25
BUILDING CLASS
A
YEAR BUILT
1963
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
0.36 AC AC
LAND SF
15,682 SF
ZONING
-
APN/PARCEL ID
-
