Investment Overview

Situated prominently at 343 N. Charles Street in the heart of Baltimore’s Downtown Historic and Traditional Subdistrict, this distinctive three-story office building, with an additional fully fit-out lower level, combines classical architectural elegance with modern functionality. Originally constructed in 1912, the structure boasts a concrete exterior accented by striking Roman columns and a stately balcony overlooking the bustling N. Charles Street corridor. With a Gross Square Footage of approximately 13,333 SF and a current Rentable Building Area (RBA) of 10,050 SF, the property offers both historical charm and versatile space in one of the city’s most walkable and transit-accessible locations. The building is currently divided into five professional office suites, two of which are leased to reputable nonprofit tenants: Live Baltimore and The Right to Housing Alliance. These tenancies contribute to the property’s stable income stream and community oriented tenant mix. Designed with flexibility in mind, the building’s configuration allows for both full-floor users and smaller suite layouts, making it attractive to a wide range of office users. The fully improved lower level expands the utility of the space, ideal for creative office, conference, or support uses, enhancing the building’s functional appeal. For the year beginning January 1, 2026, the property is slated to generate a Net Operating Income (NOI) of approximately $65,000 annually, with significant upside potential. Given the current below-market rents and remaining leasable space, a stabilized lease-up is projected to yield an NOI of approximately $98,000 for the year beginning January 1, 2027, and approximately $104,000 in the year beginning January 1, 2028. With its blend of historic architecture, existing income, and value-add potential in a sought-after downtown location, 343 N. Charles Street presents an exceptional opportunity for investors or owner-users seeking a well-positioned asset with long-term growth prospects.