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Income-Producing Long-Term Leases | Value-Add 343 N Charles St 13,333 SF 26% Leased Office Building Online Auction Sale Baltimore, MD 21201
Investment Highlights
- 343 N Charles Street spans 13,333 square feet across four stories on 0.08 acres with C-5-HT (Downtown Historic and Traditional Subdistrict) zoning.
- Live Baltimore leases the 2,217-square-foot first floor and 700 square feet of basement storage and has occupied the space since 2021.
- Structured, long-term gross leases provide stable in-place occupancy with clear upside through lease restructuring and lease-up of vacancies.
- Featuring irreplicable historic architecture, a passenger elevator, columned arches, crown molding, a vintage storefront entrance, and more.
- Baltimore Renters United leases 1,200 square feet on the second floor through 3/2028 with flexible termination options for potential repositioning.
- Located within walking distance of ample amenities and several public transit stations, with drivable access to I-83 or I-95 in five to 10 minutes.
Executive Summary
343 N Charles Street is a four-story, 13,333-square-foot building featuring a sophisticated stone façade with a vintage storefront at the street level, columned arches, historic windows, Juliet balconies, and handcrafted molding throughout the exterior. Two nonprofit organizations currently occupy the property on gross leases and have built-in rent increases. Live Baltimore leases the entire 2,217-square-foot first floor and 700 square feet of basement storage, with a 2031 lease expiration and extension options. Baltimore Renters United occupies 1,200 square feet on the rear half of the second floor, with a term that expires in 2028. 343 N Charles Street is also equipped with a passenger elevator, and the vacant spaces are well-maintained to streamline future lease-up efforts.
Situated on a 0.08-acre parcel zoned C-5-HT (Downtown Historic and Traditional Subdistrict), the site boasts excellent street frontage near the intersection of Charles and Mulberry Streets, virtually caddy corner to the stunning Baltimore Basilica. Charles Street is a bustling corridor leading to the heart of downtown, lined with dozens of beloved local restaurants, eclectic boutique shops, lively bars, and more. Access is seamless as several light rail and subway stations are steps away, and drivers can effortlessly hop on Interstate 83 or 95 to reach Greater Baltimore residential communities. 343 N Charles Street is strategically positioned within walking distance of the Baltimore Central Business District’s (CBD) most notable anchors, including the University of Maryland Medical Center, Lexington Market, the Waterfront Promenade/Inner Harbor, Camden Yards, and the Baltimore Convention Center. This proximity to established professional hubs, the city’s best amenities, and commuter conduits reinforces the long-term value of 343 N Charles Street as a sought-after destination.
Property tours are by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tours
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
Market Analytics Click Here to Access
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- 24 Hour Access
- Controlled Access
- Signage
- Skylights
- Storage Space
- Air Conditioning
- Balcony
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Baltimore Renters United
- -
-
99,999 SF
- -
-
Jan 0000
- Live Baltimore
- -
-
99,999 SF
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Baltimore Renters United | - | 99,999 SF | - | Jan 0000 | ||
| Live Baltimore | - | 99,999 SF | - | Jan 0000 |
About CBD Baltimore
Downtown Baltimore is the epicenter of the greater Baltimore metropolitan area’s office market. Home to some of the area’s most high-profile companies, stretches of real estate, and unbeatable waterfront views, many office tenants have called the Central Business District home for decades.
The CBD offers businesses several geographic advantages. Its accessibility to major thoroughfares including I-83, I-95, I-295, and I-395 provides many points of ingress and egress to other parts of the metro, including convenient access points for commutes to the nearby Baltimore-Washington International Thurgood Marshall Airport, or adjoining metropolitan areas of Washington D.C. or Philadelphia.
Baltimore’s core boasts some of the highest-quality office space in the metro. Anchored by the Pratt Street corridor, its concentration of Class A office space more than doubles that of the next closest concentration in Baltimore. In turn, some of Downtown's largest tenants include notable law firms such as Venable, Miles & Stockbridge, and Baker Donelson. It is also home to long-time mainstays of Baltimore Gas and Electric and M&T Bank.
A notable redevelopment is on the horizon, as locally based MCB Real Estate is planning to renovate Harborplace, a 165,000-square-foot retail center along the Inner Harbor. The renovation is slated to restore the glory that once was Harborplace, and in turn, provide additional retail destinations for the CBD’s ample workforce.
Within the capital markets, office sales activity in Baltimore's core has been driven by conversions in recent years. The CBD has more than 1,000 multifamily units underway, and the overwhelming majority of those units are slated to come to market by way of conversions from office and hospitality properties to multifamily assets.
Demographics
Demographics
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Income-Producing Long-Term Leases | Value-Add | 343 N Charles St
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Income-Producing Long-Term Leases | Value-Add | 343 N Charles St
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