Long-Term Income | Owner-User Flexibility | Value-Add Upside
Long-Term Income + Lease-Up Upside | Owner-User & Value-Add Opportunity
Marketing description
343 North Charles Street presents an opportunity to acquire a historic, elevator-served office asset with long-term in-place income, owner-user flexibility, and value-add upside along Baltimore’s Charles Street corridor.
Located at the corner of North Charles Street and Mulberry Street in Downtown Baltimore, near Mount Vernon, the Baltimore Basilica, the CBD, Camden Yards, and the Inner Harbor, the property consists of a four-story, 13,333-square-foot historic office building featuring a distinctive stone façade, vintage storefront presence, elevator service, and adaptable floor plates.
Live Baltimore occupies the 2,217-square-foot first floor plus approximately 700 square feet of basement storage and has been a tenant at the property since 2003. The tenant recently executed a new lease extending through June 2031, with additional extension options.
Baltimore Renters United leases approximately 1,200 square feet on the second floor through March 2028. Additional upper-floor vacancy provides flexibility for owner-user occupancy, lease-up, coworking, or adaptive reuse.
Current gross income is approximately $51,350 annually. The stabilized income scenario projects approximately $132,000 in annual income through lease-up, mark-to-market rent growth, and operational improvements. Buyers should review the financial overview and due diligence materials for current operating performance, expense detail, and stabilized assumptions.
The asset is zoned C-5-HT, supporting office, retail, residential, mixed-use, and adaptive reuse strategies. The property is well suited for investors, owner-users, boutique office users, nonprofit headquarters, coworking operators, or adaptive reuse strategies seeking a visible, character-rich downtown Baltimore location.
Offered via Ten-X Online Auction July 20–22, 2026.
Investment highlights
- 13,333 SF historic Charles Street asset with long-term income and owner-user flexibility
- Live Baltimore has occupied the property since 2003, with a new lease through June 2031
- Baltimore Renters United leases approximately 1,200 SF through March 2028
- Current income is $51,350, with stabilized income potential of approximately $132,000
- Upper-floor vacancy creates lease-up, owner-user, coworking, or repositioning upside
- Flexible C-5-HT zoning supports office, retail, residential, mixed-use, and adaptive reuse
- Elevator-served historic building with strong architectural character
- Offered via Ten-X Online Auction July 20–22, 2026
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
















