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315 N Charles St 8,206 SF Office Building Baltimore, MD 21201 $495,000 ($60.32/SF)
Executive Summary
315 N Charles St is a well-located mixed-use property in the heart of Baltimore, offering a buyer the flexibility to lease, reposition, or potentially occupy the building. The property is fully vacant and was previously owner-occupied, giving a new owner a clean opportunity to establish rents, bring in new tenants, and shape the asset based on their strategy.
The building includes 4 commercial units and is zoned C-5-HT, allowing for a range of potential uses in a high-visibility downtown corridor. Renovations completed in 2018 and 2020 added meaningful improvements to the property, which may help reduce immediate capital needs for the next owner.
There may also be additional upside through historic state and federal rehabilitation tax credits of up to 40%, subject to eligibility and qualifying improvements.
Overall, 315 N Charles St offers a strong combination of location, vacancy, prior owner occupancy, and flexible mixed-use potential, making it an attractive opportunity for an investor or owner-user looking to create value in a central Baltimore location.
The building includes 4 commercial units and is zoned C-5-HT, allowing for a range of potential uses in a high-visibility downtown corridor. Renovations completed in 2018 and 2020 added meaningful improvements to the property, which may help reduce immediate capital needs for the next owner.
There may also be additional upside through historic state and federal rehabilitation tax credits of up to 40%, subject to eligibility and qualifying improvements.
Overall, 315 N Charles St offers a strong combination of location, vacancy, prior owner occupancy, and flexible mixed-use potential, making it an attractive opportunity for an investor or owner-user looking to create value in a central Baltimore location.
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
8,206 SF
Building Class
C
Year Built/Renovated
1920/2004
Price
$495,000
Price Per SF
$60.32
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
2,052 SF
Slab To Slab
10’
Building FAR
3.92
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
C-5HT - mixed use
Amenities
- Bus Line
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0603-010 | Improvements Assessment | $387,500 |
| Land Assessment | $108,900 | Total Assessment | $496,400 |
Property Taxes
Parcel Number
0603-010
Land Assessment
$108,900
Improvements Assessment
$387,500
Total Assessment
$496,400
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315 N Charles St
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