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32454315
32454317

343 North Charles Street, Baltimore, MD 21201

DL
MD 597603
CENTURY 21 NEW MILLENNIUM
SK
VA 0225026849
CENTURY 21 NEW MILLENNIUM
Listed by CENTURY 21 NEW MILLENNIUM
Unpriced
54 days on market
Updated 11 days ago
Opportunity zone

Long-Term Income | Owner-User Flexibility | Value-Add Upside

Details
Property Type Retail, Office (+1)
Sub Type Storefront, Traditional Office (+1)
Square Footage 13,333
Net Rentable (SqFt) 13,333
Units 4
Occupancy 26%
Tenancy Multi
Brand/Tenant Live Baltimore
Lease Type Gross
Lease Term 5
Lease Expiration 06/29/2031
Remaining Term 5
Rent Bumps Yes
Lease Options Extension options available beyond June 2031
Pro-Forma NOI $59,500
Class B
Year Built 1912
Year Renovated 1973, 2021
Buildings 1
Lot Size (SqFt) 3,333
Zoning C-5-HT
Investment Type Value Add
Tenant Credit No Credit Rating
Lease Commencement 06/30/2026
Ground Lease No
Sale Condition N/A

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

DL
MD 597603
CENTURY 21 NEW MILLENNIUM
SK
VA 0225026849
CENTURY 21 NEW MILLENNIUM
Listed by CENTURY 21 NEW MILLENNIUM

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Zoning

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C-5-HT CommercialCore CommercialDowntown Historic And Traditional Subdistrict
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
David Lowry
License
597603
Brokerage
CENTURY 21 COMMERCIAL
Brokerage Phone
443.865.3941
Title
Broker of Record
Brokerage Address
6631 Old Dominion Drive, McLean VA 22101
Name
David Lowry
License
597603
Brokerage
CENTURY 21 Commercial New Millennium
Brokerage Phone
443-865-3941
Title
Director, Commercial Accelerated Sales
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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