2121 North Charles Street: 3,300 Sq. Ft. Mixed Use Building on Baltimore’s Main Street

What Makes this Baltimore Development Opportunity Special:

Main Street in Baltimore is Charles Street, so if you want to build your business or rent to businesses, this is the real estate for you! This historic building’s C-1 zoning allows a multitude of commercial or multi-family residential uses. Located in Charles North, an artsy, eclectic neighborhood just north of Penn Station and just south of Johns Hopkins University. 2121 North Charles Street is an architecturally impressive three-story townhome that offers a new owner flexibility in redevelopment and business use.

Building Details:

The first floor and basement are built out for restaurant and commercial food production. The first floor’s grand dining room has tall 11’10” ceilings, and is complimented by a large kitchen and prep area in the rear. The basement has its own kitchen equipment as well, which can be included in the sale or removed by the owner.

Up the original curved staircase, the second floor and third floor feature spacious rooms with tall ceilings and hardwood and veneer floors. With 1,100 sq. ft. for each floor, there is ample space for conversion to apartments or commercial use.

Utilities:

2121 North Charles Street has 300 amp service, and two electric meters. Hot water is supplied via a 40 gallon electric Rheem water heater, dated 2011. The first floor is has central air conditioning; the second floor is ventilated, ready for installation of a new air conditioning system.

The building has two gas meters. The building is heated with a gas-fired hot water Bryant boiler, with radiator distribution. Some rooms have supplemental baseboard heat.

2121 North Charles Street has a copper water main. Windows are single-pane wood or aluminum. The roof is rubber, with an aluminum fiber coating. A steel fire escape provides emergency egress from the back of the building. A large asphalt pad in the rear could provide parking for up to 4 cars in tandem.

What’s Great About Charles North:

Located south of Charles Village and north of Mount Vernon, Charles North is well-known for its bars, art venues, and impressive architecture. According to LiveBaltimore.com, 93% of Charles North’s occupants are renters, providing a large tenant pool for multi-family investors.

With a WalkScore of 95, 2121 North Charles Street is a “Walker’s Paradise”. This location also garners a TransitScore of 86, and a BikeScore of 85–just one block west is Maryland Avenue’s CycleTrack, which leads to downtown Baltimore. Tenants, customers, and employees can all appreciate the ease of access this location offers.

Investment Summary:

$375,000
$114 Per Sq. Ft.

Next Steps:

Call Tom Fair at 410 235 5200 to schedule a tour or to discuss your investment criteria.