1106 N Charles St
Baltimore, MD 21201
Office Property For Sale

Auction:7/25 - 7/27: N Charles Street Mixed Use Property tours are available by appointment ONLY on the below dates. Please contact Frank Shopland to schedule at frank@frankshopland.com or 301-300-6275. July 6th July 12th July 18th Investment Highlights: 29,238 SF Four-Story, Five-Level Mixed-Use Building in Baltimore, MD 67.97% Occupied and Anchored by The Brewer's Art Brewery and Restaurant since 1997 Value Add Opportunity through Lease-Up of Vacancy and Potential Redevelopment Baltimore CBD location with Quick Access to the Rest of the City Historic Architecture with Modern Building Systems in beautiful Mount Vernon neighborhood Investment Overview: 1106 North Charles Street (the "Property" or "Building") is located just north of the intersection of North Charles Street and Chase Street in the Mount Vernon Neighborhood of Baltimores Central Business District. The Building is situated on a 0.13 acre parcel with 38.88 feet of frontage along N. Charles Street. North Charles Street is one of the primary south-to-north thoroughfares and stretches from Inner Harbor north to the Baltimore Beltway. Access is provided via a main entrance on N. Charles Street as well as a back entrance and garage/loading dock at the rear of the building on Morton Street. Constructed in 1905, the improvements consist of four stories plus a lower level and is a mixed-use building with office and retail suites. The Property is currently 67.97% occupied. The main and lower levels are leased to The Brewer's Art(53.78% of NRA; 83.32% of total revenue), an award-winning destination restaurant and brewery that brews and serves its own craft beers. The Brewer's Art has a current lease expiration of March 31, 2021 with three, five-year renewal options. Their lease has a 3% increase on April 1 of each lease year. Brewers Art first opened here in 1997. The main floor consists of the dining room and a bar, ornately decorated in 1920s Art Deco style with the main bar looking out onto N. Charles Street. The lower level features a second more casual bar thats accessible from stairs inside the main bar but also has a separate outside entrance on N. Charles St. The lower level also has the kitchen and brewery which produces beer for the restaurant and for sale to distributors. The Brewer's Art is considered one of the best examples of the craft bre