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The Towner Bldg 429 N Eutaw St 12,180 SF 93% Leased Office Building Baltimore, MD 21201 $695,000 ($57.06/SF)
Investment Highlights
- $57 Per Square Foot: Acquire a 12,180-square-foot historic commercial building at a basis that leaves substantial room for redevelopment.
- Flexible C-5DC Zoning: Multifamily, mixed-use, and commercial uses permitted by right with no dwelling unit caps, parking minimums, or setback reqs.
- Historic Character: 13- to 18-foot ceilings, 13-foot window openings, preserved black marble storefront, and expansive floor plates.
Executive Summary
The Charles Fish & Sons Building
The Charles Fish & Sons Building presents the opportunity to acquire one of Downtown Baltimore's most recognizable historic commercial buildings. Situated prominently at the corner of North Eutaw and Franklin Streets, the 12,180-square-foot property is well suited for adaptive reuse, owner occupancy, or continued commercial use.
Originally constructed in 1881 as the home of the Baltimore College of Dental Surgery, the world's first dental school, the building later became the iconic Charles Fish & Sons department store. Today, its preserved black marble storefront, expansive floor plates, 13- to 18-foot ceiling heights, and dramatic 13-foot-tall window openings provide the architectural character sought by today's developers and owner-users.
The building is currently configured as six commercial suites, including four office suites and a restaurant occupying two connected first-floor suites with direct access to a large walk-in basement. Existing infrastructure includes a passenger elevator, sprinkler and fire alarm systems, individually controlled HVAC systems, a 1,200-amp electrical service with nine separately metered 200-amp commercial suites, and commercial kitchen infrastructure with an Ansul suppression system.
Located two blocks from Lexington Market and within walking distance of the University of Maryland Medical Center, BioPark, and Baltimore's Central Business District, 429 North Eutaw benefits from Metro Subway, Light Rail, MARC commuter rail, I-83, and I-95 access. Flexible C-5DC zoning permits multifamily, mixed-use, and commercial uses by right with no dwelling unit caps, off-street parking requirements, or setback requirements. The property is also located within Baltimore City's Enterprise Zone, where qualifying projects may be eligible for redevelopment incentives, subject to applicable program requirements.
The Charles Fish & Sons Building presents the opportunity to acquire one of Downtown Baltimore's most recognizable historic commercial buildings. Situated prominently at the corner of North Eutaw and Franklin Streets, the 12,180-square-foot property is well suited for adaptive reuse, owner occupancy, or continued commercial use.
Originally constructed in 1881 as the home of the Baltimore College of Dental Surgery, the world's first dental school, the building later became the iconic Charles Fish & Sons department store. Today, its preserved black marble storefront, expansive floor plates, 13- to 18-foot ceiling heights, and dramatic 13-foot-tall window openings provide the architectural character sought by today's developers and owner-users.
The building is currently configured as six commercial suites, including four office suites and a restaurant occupying two connected first-floor suites with direct access to a large walk-in basement. Existing infrastructure includes a passenger elevator, sprinkler and fire alarm systems, individually controlled HVAC systems, a 1,200-amp electrical service with nine separately metered 200-amp commercial suites, and commercial kitchen infrastructure with an Ansul suppression system.
Located two blocks from Lexington Market and within walking distance of the University of Maryland Medical Center, BioPark, and Baltimore's Central Business District, 429 North Eutaw benefits from Metro Subway, Light Rail, MARC commuter rail, I-83, and I-95 access. Flexible C-5DC zoning permits multifamily, mixed-use, and commercial uses by right with no dwelling unit caps, off-street parking requirements, or setback requirements. The property is also located within Baltimore City's Enterprise Zone, where qualifying projects may be eligible for redevelopment incentives, subject to applicable program requirements.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
12,180 SF
Building Class
B
Year Built/Renovated
1888/1988
Price
$695,000
Price Per SF
$57.06
Percent Leased
93%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,060 SF
Building FAR
0.85
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
C-5DC - Located in the downtown district with no by-right restrictions on multi-family conversion, no setback limits, no off street parking requirements.
Parking
101 Spaces (8.29 Spaces per 1,000 SF Leased)
Amenities
- Property Manager on Site
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Real Estate
- -
- -
- -
- -
- Innovative Housing Institute
- Educational Services
- -
- -
- -
- -
-
- Real Estate
- -
- -
- Triple Net
- Sep 1998
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Real Estate | - | - | - | - | |
| Innovative Housing Institute | Educational Services | - | - | - | - | |
|
|
Real Estate | - | - | Triple Net | Sep 1998 |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0562-040 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $641,633 |
Property Taxes
Parcel Number
0562-040
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$641,633
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