This Retail Property is Off-Market.

313 N Charles Street
Baltimore, MD 21201 ·

8,900 SF · Retail For Sale

N/A

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313 N Charles Street

Price N/A Commission Split 2%
Building Size 8,900 SF Cap Rate 8.50%
Property Type Retail Occupancy 100%
Property Sub-type Restaurant Tenancy Multiple
Property Use Type Investment Lot Size 2,230 SF
Listing ID: 16732694 Date Created: 06/22/2010 Last Updated: 10/06/2010

Description

Lender appraisal for $1.2MM. 9,000 SF building with 4500 sf restaurant and two apartments on upper floors. Complete historic renovation in 2004-2006 of about $1.2MM. Current NOI of about $105,000. Rental increases built into restaurant lease starting in less than three years. Restaurant covers 50% of taxes and insurance, 100% of common area electric, and all water and sewer but for $600 per year. 5 years remaining on 10 year historic property tax credit.

Excellent Charles Street location close to hotels, thousands of rental apartments, office hi-rises, and Mercy Medical Campus is one block away. Super Fresh is across the street in Charles Plaza. Location is 6 blocks from Inner Harbor to the south and the Washington Monument to the north.

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313 N Charles Street, Baltimore, MD 21201 (Baltimore City County)

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