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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
Matterport 3D Tours
Investment Highlights
- Live Baltimore leases 2,217 SF 1st flr plus 700 SF of basement storage and has occupied the property since 2003, with a new lease through June 2031.
- Current income is approximately ~$51K annually with projected stabilized income potential exceeding ~$132K annually.
- Elevator-served historic asset featuring stone façade, vintage storefront, arches, crown molding, and architectural detail.
- Baltimore Renters United leases 1,200 square feet on the second floor through 3/2028 with flexible repositioning options.
- Flexible C-5-HT zoning allows office, retail, residential, mixed-use, and adaptive reuse opportunities.
- Prime Charles Street corridor location within walking distance to downtown amenities, public transit, and minutes from I-83 and I-95.
Executive Summary
Acquire a historic mixed-use office asset along Baltimore’s Charles Street corridor with long-term in-place income, owner-user flexibility, and significant value-add upside.
LONG-TERM TENANT IN PLACE | LEASE THROUGH JUNE 2031
343 N Charles Street is a four-story, 13,333-square-foot historic office building located at the corner of Charles and Mulberry Streets in Downtown Baltimore, near Mount Vernon, the Baltimore Basilica, the CBD, Camden Yards, and the Inner Harbor. The property benefits from strong visibility, walkability, access to public transit, and proximity to major downtown amenities.
The property features distinctive architectural character, including a stone façade, vintage storefront presence, historic windows, Juliet balconies, crown molding, columned arches, and passenger elevator service throughout the building.
Live Baltimore occupies the 2,217-square-foot first floor plus approximately 700 square feet of basement storage and has been a tenant at the property since 2003. The tenant recently executed a new lease extending through June 2031, with additional extension options.
Baltimore Renters United leases approximately 1,200 square feet on the second floor through March 2028. Additional upper-floor space provides flexibility for owner-user occupancy, lease-up, coworking, or repositioning.
Current gross income is approximately $51,350 annually, with projected stabilized income potential of approximately $132,000 annually through lease-up, mark-to-market rent growth, and operational improvements. Existing rents are believed to be below market, creating a clear path to future NOI growth.
The property is well-suited for investors, owner-users, boutique office operators, office users, or adaptive-reuse strategies seeking a highly visible, character-rich downtown location.
Tours will take place on Thursday, June 11, 2026 from 1:00PM - 3:00PM. Please contact the listing broker to schedule.
LONG-TERM TENANT IN PLACE | LEASE THROUGH JUNE 2031
343 N Charles Street is a four-story, 13,333-square-foot historic office building located at the corner of Charles and Mulberry Streets in Downtown Baltimore, near Mount Vernon, the Baltimore Basilica, the CBD, Camden Yards, and the Inner Harbor. The property benefits from strong visibility, walkability, access to public transit, and proximity to major downtown amenities.
The property features distinctive architectural character, including a stone façade, vintage storefront presence, historic windows, Juliet balconies, crown molding, columned arches, and passenger elevator service throughout the building.
Live Baltimore occupies the 2,217-square-foot first floor plus approximately 700 square feet of basement storage and has been a tenant at the property since 2003. The tenant recently executed a new lease extending through June 2031, with additional extension options.
Baltimore Renters United leases approximately 1,200 square feet on the second floor through March 2028. Additional upper-floor space provides flexibility for owner-user occupancy, lease-up, coworking, or repositioning.
Current gross income is approximately $51,350 annually, with projected stabilized income potential of approximately $132,000 annually through lease-up, mark-to-market rent growth, and operational improvements. Existing rents are believed to be below market, creating a clear path to future NOI growth.
The property is well-suited for investors, owner-users, boutique office operators, office users, or adaptive-reuse strategies seeking a highly visible, character-rich downtown location.
Tours will take place on Thursday, June 11, 2026 from 1:00PM - 3:00PM. Please contact the listing broker to schedule.
Matterport 3D Tours
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Leases
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
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Building Size
13,333 SF
Building Class
B
Year Built/Renovated
1912/1973
Percent Leased
26%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
3,333 SF
Slab To Slab
10’
Building FAR
3.83
Lot Size
0.08 AC
Opportunity Zone
Yes
Parcel Number
0581-010
Zoning
C-5-HT - Downtown Historic and Traditional Subdistrict
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 |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
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
1 mile
3 mile
5 mile
2025 Population
40,610
272,091
520,091
2020 Population
41,000
259,724
527,152
2030 Population
40,309
273,566
516,096
2025-2030 Projected Population Growth
-0.7%
0.5%
-0.8%
Daytime Employees
94,723
210,043
300,593
Total Businesses
10,187
26,849
38,216
Average Household Income
$75,864
$86,363
$84,392
Median Household Income
$56,868
$60,001
$59,950
Total Consumer Spending
$490.7M
$3B
$5.4B
Median Age
35.8
36.5
37.4
2025 Households
23,523
124,739
221,267
Percent College Degree or Above
22%
18%
15%
Average Home Value
$350,255
$298,616
$277,870
Sale Advisor
Sale Advisor
David Lowry, Director, Commercial Accelerated Sales
David is an accomplished Director of Commercial Accelerated Sales for RealMarkets, a CENTURY 21 New Millennium Team.
With over 20 years of experience in Commercial Real Estate, David is a well-known expert in this field. He has worked with esteemed platforms such as Ten-X and has assisted both institutional and non-institutional sellers and brokers in the sale of real estate transactions.
David has played a crucial role in identifying over $1 billion in online commercial real estate opportunities across various asset classes, such as office, multifamily, retail, hospitality, industrial, and land. During his tenure as the Senior Director at Ten-X, he ensured a high sell-through rate of 98%, which is one of the highest trade rates in the online auction industry. Before joining the RealMarkets Team, David served as the Head of National Accelerated Marketing for Coldwell Banker Commercial (CBC).
As a specialist in accelerated commercial sales, David's mission is to assist brokers, lenders, owners, and buyers in attaining their objectives with ease, efficiency, and transparency. His expertise in accelerated sales strategies and CRE technology makes him a valuable asset in navigating the dynamic landscape of commercial real estate. David's proficiency in strategic planning, market analysis, and online marketing, coupled with his excellent communication and negotiation skills, has made him the go-to person for online commercial real estate transactions.
With over 20 years of experience in Commercial Real Estate, David is a well-known expert in this field. He has worked with esteemed platforms such as Ten-X and has assisted both institutional and non-institutional sellers and brokers in the sale of real estate transactions.
David has played a crucial role in identifying over $1 billion in online commercial real estate opportunities across various asset classes, such as office, multifamily, retail, hospitality, industrial, and land. During his tenure as the Senior Director at Ten-X, he ensured a high sell-through rate of 98%, which is one of the highest trade rates in the online auction industry. Before joining the RealMarkets Team, David served as the Head of National Accelerated Marketing for Coldwell Banker Commercial (CBC).
As a specialist in accelerated commercial sales, David's mission is to assist brokers, lenders, owners, and buyers in attaining their objectives with ease, efficiency, and transparency. His expertise in accelerated sales strategies and CRE technology makes him a valuable asset in navigating the dynamic landscape of commercial real estate. David's proficiency in strategic planning, market analysis, and online marketing, coupled with his excellent communication and negotiation skills, has made him the go-to person for online commercial real estate transactions.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
Taylor Cunningham
Contact
Auctioneer License:
Ten-X Vibhav Kapila RE Brkr 660150
1 of 28
Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Income-Producing Long-Term Leases | Value-Add | 343 N Charles St
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