2112 N Charles St - Office FOR SALE


Baltimore, MD 21218- Charles Village
$729,997 USD
202-550-5709
2112 N Charles St, Baltimore, MD for Sale
$729,997 USD
Office - FOR SALE
1/67
null | 7.53% Cap Rate

2112 N Charles St
Baltimore, MD 21218
Charles Village


HIGHLIGHTS

  • Cash Flowing
  • Multi-year leases in place
  • Scheduled rent increases
  • Beneficial tenant mix: retail, office, and residential, plus a garage
  • Brick building
  • Excellent location to downtown and favored community amenities

OVERVIEW

PRIME MIXED-USE INVESTMENT on NORTH CHARLES STREET Exceptional opportunity to own a three-level mixed-use brick cash flowing property ideally located along one of Baltimore’s most vibrant commercial corridors, Charles St, in the Old Goucher neighborhood. The property features a ground-level retail storefront (recently vacated) with excellent street visibility and consistent pedestrian traffic, complemented by six fully leased units, a combination of retail, office, and residential, two unit per floor, and a leased garage space at the rear of the property. The property has been owner-managed and maintained offering investors stable income through multi-year leases with scheduled rent increases. Thus, the property delivers strong in-place income and long-term appreciation potential in one of Baltimore’s most enduring mixed-use districts. Ideal for investors seeking a balanced asset with steady returns and upside through rent growth. GROSS CONFIGURATION: -1 ground-level retail unit -6 units (2 per floor) -Rear leased garage space -All Units are separately metered for electricity -Windows are vinyl-replacement  -Carrier heat pumps with central air conditioning, recently replaced in 2022, are in the front suites.  -Electric baseboard heat the rear units INVESTMENT HIGHLIGHTS: -Cash Flowing -Multi-year leases in place -Scheduled rent increases -Beneficial tenant mix: retail, office, and residential, plus a garage -Brick building -Excellent location to downtown and favored community amenities -Revitalization underway -High Potential for growth and appreciation OLD GOUCHER Proximity to the retail and cultural amenities that make Charles Street in the Old Goucher neighborhood a sought-after address. FEATURES & BENEFITS of PROPERTY'S LOCATION: -Historic Character and Architectural Appeal: Many two- and three-story brick row houses built in the late 19th/early 20th centuries, and institutional buildings from the original campus of Goucher College.  -Easy Commuting & Walkability: Central, walkable location, the “geographic heart of Baltimore,” with high walkability (Walk Score of 97) and convenient access to public transit. -Beneficial Variety of uses: Includes a mix of residential, commercial, non-profit, arts, institutional, and green space uses within the neighborhood. -Active Community Engagement: Active community association (Old Goucher Community Association), community gardens, sanitation and safety resources clearly laid out for residents. -Proximity to Notable Amenities: Located blocks from major destinations such as Penn Station, Johns Hopkins University, and the Station North Arts & Entertainment District. -Revitalization Already Underway: Neighborhood is recognized as one of the faster growing in the city, with redevelopment and reinvestment efforts underway.

FOR SALE DETAILS

PRICE

$729,997 USD

PRICE/SF

$101 USD /SF

CAP RATE

7.53%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C-1

APN/PARCEL ID

3610-005

ASK ABOUT THIS PROPERTY

Wayne K. Williams JrWKW COMMERCIAL at Bennett Realty SolutionsMore Info
202-550-5709

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Wayne K. Williams JrWKW COMMERCIAL at Bennett Realty SolutionsMore Info
202-550-5709

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.