2112 N Charles St 6,249 SF 81% Leased Office Building Baltimore, MD 21218 $729,997 ($116.82/SF) 7.53% Cap Rate

PRIME MIXED-USE INVESTMENT on NORTH CHARLES STREET
Exceptional opportunity to own a three-level mixed-use brick cash flowing property ideally located along one of Baltimore’s most vibrant commercial corridors, Charles St, in the Old Goucher neighborhood.
The property features a ground-level retail storefront (recently vacated) with excellent street visibility and consistent pedestrian traffic, complemented by six fully leased units, a combination of retail, office, and residential, two unit per floor, and a leased garage space at the rear of the property.
The property has been owner-managed and maintained offering investors stable income through multi-year leases with scheduled rent increases. Thus, the property delivers strong in-place income and long-term appreciation potential in one of Baltimore’s most enduring mixed-use districts. Ideal for investors seeking a balanced asset with steady returns and upside through rent growth.
GROSS CONFIGURATION:
-1 ground-level retail unit
-6 units (2 per floor)
-Rear leased garage space
-All Units are separately metered for electricity
-Windows are vinyl-replacement 
-Carrier heat pumps with central air conditioning, recently replaced in 2022, are in the front suites. 
-Electric baseboard heat the rear units
INVESTMENT HIGHLIGHTS:
-Cash Flowing
-Multi-year leases in place
-Scheduled rent increases
-Beneficial tenant mix: retail, office, and residential, plus a garage
-Brick building
-Excellent location to downtown and favored community amenities
-Revitalization underway
-High Potential for growth and appreciation
OLD GOUCHER
Proximity to the retail and cultural amenities that make Charles Street in the Old Goucher neighborhood a sought-after address.
FEATURES & BENEFITS of PROPERTY'S LOCATION:
-Historic Character and Architectural Appeal: Many two- and three-story brick row houses built in the late 19th/early 20th centuries, and institutional buildings from the original campus of Goucher College. 
-Easy Commuting & Walkability: Central, walkable location, the “geographic heart of Baltimore,” with high walkability (Walk Score of 97) and convenient access to public transit.
-Beneficial Variety of uses: Includes a mix of residential, commercial, non-profit, arts, institutional, and green space uses within the neighborhood.
-Active Community Engagement: Active community association (Old Goucher Community Association), community gardens, sanitation and safety resources clearly laid out for residents.
-Proximity to Notable Amenities: Located blocks from major destinations such as Penn Station, Johns Hopkins University, and the Station North Arts & Entertainment District.
-Revitalization Already Underway: Neighborhood is recognized as one of the faster growing in the city, with redevelopment and reinvestment efforts underway.