Active

519 N Charles St

Baltimore MD, 21201

$1,998,000


$232.22 per sqft

Active

8,604 sqft

Commercial

Built in 1900

Two separate lots; sold together. 519-521 North Charles Street is a prime mixed-use building offering both retail and office space, situated in the upscale neighborhood of Mount Vernon, just half a block from the iconic Washington Monument. With a 92% occupancy rate, the building benefits from good foot traffic and is surrounded by a variety of shops and businesses, making it a solid investment in a well-established community. 19-521 North Charles Street consists of two interconnected buildings, offering a combined total of over 17,000 square feet of versatile space. The commercial suites are customized by tenants to suit their individual needs, with some tenants leasing multiple suites. The property currently hosts a diverse mix of businesses, including three salons, two offices, one large retail space, and one vacant suite. Additionally, there is one apartment on the premises. Several suites feature kitchenettes, and all have half baths, with one suite equipped with a stand-up shower.

A notable tenant, Paris West Optical, has been in business for 65 years and has called this building home since 2006. Their current lease runs through 2033. 519-521 North Charles Street demonstrates strong stability with long-term tenants like East Coast Asset Group (since 2008) and All Pro Glass (since 2007). The salons are equipped with shampoo bowls and pedicure stations, providing complete setups for beauty services. Some of the top-floor offices feature a loft-style design, adding a unique and appealing touch to the workspaces. The property maintains a high occupancy rate, with only one unit currently vacant. Recent tenants, including Tre'Amor Studio LLC (since May 2023) and Focus Advertising & Marketing, Inc. (since November 2023), indicate ongoing attractiveness. The average length of tenancy is approximately 8.42 years, further highlighting the property's stability.

The spacious 1-bedroom with den apartment is located on the top floor and includes a combination washer/dryer for the tenant's convenience. The kitchen is equipped with durable laminate cabinets and counters, as well as a 24'' electric range. The bathroom features a wall-mounted sink and a steel tub with a ceramic tile tub surround. The apartment also has new, easy-to-clean laminate flooring. 519 North Charles has 8 electric meters, with 150 amps serving each unit, and 2 gas meters that do not appear to be active. 521 North Charles has 4 electric meters, with 200 amps serving each unit. The office and retail suites have individual heat pumps and central air conditioning, while the apartment is equipped with mini-splits for heating and cooling. Each building has its own electric water heater. Tenants pay their own electric bills directly to the provider, simplifying management. Observable supply pipes are copper and observable drain lines are PVC. Mount Vernon is an ideal location for commercial tenants and investors, boasting impressive accessibility and significant cultural landmarks. The area features a "Walker's Paradise" score of 99 and a "Rider's Paradise" score of 100, ensuring excellent transit options for employees and clients. Baltimore Penn Station, just a few blocks away, serves as the city's main rail hub with Amtrak and MARC train services. The ongoing redevelopment of Penn Station aims to accommodate new commercial ventures and improve high-speed rail connections, positioning Baltimore as a premier stop for travelers and enhancing the neighborhood's economic growth.

The strategic location offers easy access to major highways, with I-83 just two blocks north and I-95 less than 15 minutes away, providing convenient travel options for business operations. The area is an attractive location for businesses looking to benefit from the vibrant and bustling environment.

MDBA2145074

MLS ID

October 29, 2024

Listed

December 6, 2024

Updated

Map

519 N Charles St
Baltimore MD, 21201

Interior Features

Appliances

Electric Water Heater


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.07 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Baltimore City


Taxes

$10,780


Tax Frequency

Annually


Days on Market

39


Garage

No


Parking Total

3


View

No


County

BALTIMORE CITY


Water Source

Public


Pool

No


Zoning

Allows for office and residential use.

Listed by Ben Frederick Realty, Inc.
Listing Contact: 4106881348 

The IDX display contains information sourced from the Bright MLS, Inc. as of 12/6/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 12/6/2024 at 5:19 PM UTC

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