Historical Retail Sale Listing - 313 N Charles Street

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313 N Charles Street

313 N Charles Street, Baltimore, MD 21201

N/A

8,900 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
8,900 SF
Property Type:
Retail
Property Sub-type:
Restaurant
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
8.50%
Occupancy:
100%
Tenancy:
Multiple
Lot Size:
2,230 SF
Listing ID
16732694
Last Updated
over 1 year ago

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.

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

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Created 6/22/2010