1201 South Charles Street, Baltimore, MD 21230 For Sale

Harbor Stone Advisors is pleased to present 1201 S Charles., a luxury mixed-use asset located in the Federal Hill neighborhood of Baltimore City. Federal Hill is a historic district adjacent to the Inner Harbor and is home to a variety of bars, restaurants, and entertainment. Residents of 1201 S Charles are just a short walk away from area staples such as Cross Street Market, Federal Hill Park, the American Visionary Art Museum, M&T Bank Stadium, and Oriole Park at Camden Yards.

The property features 16 expansive apartments with a mix of (8) 2 Br-2 Ba and (8) 2 Br-2 Ba with Den, as well as (1) ground floor commercial space. The commercial space is leased to &pizza, a popular pizza chain with 46 locations throughout Washington, DC, Maryland, Virginia, Pennsylvania, and New Jersey. The tenant also just exercised their first 5 year extension option effective June 1, 2026 through May 2031. Completed in 2016, 1201 S Charles holds a LEED Gold certification. The asset was engineered for long-term durability and reduced maintenance through the use of premium steel and brick construction materials. Typical residential unit features include stainless steel appliances, wood cabinets, granite countertops, carpet/tile/hardwood flooring, and in-unit washer/dryers. The apartments also boast high ceilings and floor to ceiling windows creating plentiful natural light. There is a garage on-site with 9 parking spaces as well as an additional 12 spaces across the street at a neighboring garage.

With strong historical occupancy and performance, the opportunity exists for a new owner to organically increase rents at 1201 S Charles. The current owner has also implemented an increase of $25 to the on-site parking upon renewal and/or new lease. A new owner can continue this increase upon acquisition.