Log In/Sign Up
Your email has been sent.
1125 S Charles St
Baltimore, MD 21230
Retail Property For Sale
Investment Highlights
- 100% Occupied
- Apartments feature in-unit washer & dryer.
- Liquor License held by Tenant
- Double Lot
- 3% escalations on Retail Tenant
- Kitchen features large hood system, 3 compartment sink, walk-in
Executive Summary
***FULLY OCCUPIED***24 hours notice for showings. Price reflects 8.43% CAP RATE. This double-lot commercial property is great for anyone looking to generate income on day 1. Building features two apartments on the 2nd & 3rd level and a restaurant on the 1st level. Both residential units are newly renovated, upscale, and rarely vacant. Apartment A = 1 bedroom with 1.5 bathrooms. Apartment B = 2 bedrooms with 2 full bathrooms. The retail space features a restaurant with a full kitchen, large hood system, bar, dining area, and small grocery area. Tenant currently holds a Beer & Wine - Tavern Liqour License. All units separately metered. Current NOI is $84,200, with annual rental increases on retail. Retail tenant pays base rent + 50% property tax + utilities.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,632 SF
Building Class
C
Year Built
1920
Price
$999,000
Price Per SF
$275.06
Cap Rate
8.43%
NOI
$84,200
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
10’
Building FAR
1.67
Lot Size
0.05 AC
Zoning
C-1 - Neighborhood commercial areas allowing for small-scale businesses and residential uses
Parking
7 Spaces (1.93 Spaces per 1,000 SF Leased)
Frontage
28’ on Charles St
Property Taxes
| Parcel Number | 0950-041 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $333,267 |
Property Taxes
Parcel Number
0950-041
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$333,267
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
