Historic Brew Pub and Office
1106 N Charles St, Baltimore, MD 21201
For Sale
Contact for pricing
Five-level historic building with existing restaurant/brew pub space and brewery tanks and equipment that convey with the sale.
Property Size26,049 SF
Price / SF$61.42
Days on Market152
Property Features for 1106 N Charles St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Business Included
Building Details
Year Built
Stories
Listing Agency:
MacKenzie Commercial Real Estate - Corporate
(410) 821-8585
Listed By:
Henry Deford · License MD #636644
(410) 494-4861
Source:
Moodyscre
Added: Jun 16
Changed: Nov 10
Last Checked: Nov 12 at 8:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MacKenzie Commercial Real Estate - Corporate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
1106 N Charles St is a historic, five-level brownstone building constructed in 1906, totaling 26,049 SF. The lower levels are configured as an existing restaurant/brew pub space. The property also includes a series of brewery tanks and equipment, which convey with the sale, supporting immediate use for a hospitality or brewery operator.
Levels two through four are currently configured as office space. The building’s mixed-use layout provides flexibility for a range of ownership and operating models, including continued use as combined hospitality and office space.
For buyers or owner-operators seeking a distinctive property with operational components already in place, the existing restaurant/brew pub area and the conveyed brewery equipment can reduce early setup needs. For investors or developers evaluating repositioning, the building is also described as having strong potential for conversion to multifamily residential. This is a for-sale offering of an integrated historic structure with both hospitality and office configurations inside the same envelope.
Levels two through four are currently configured as office space. The building’s mixed-use layout provides flexibility for a range of ownership and operating models, including continued use as combined hospitality and office space.
For buyers or owner-operators seeking a distinctive property with operational components already in place, the existing restaurant/brew pub area and the conveyed brewery equipment can reduce early setup needs. For investors or developers evaluating repositioning, the building is also described as having strong potential for conversion to multifamily residential. This is a for-sale offering of an integrated historic structure with both hospitality and office configurations inside the same envelope.
Key Highlights
- Historic 1906, five‑level brownstone building at 1106 N Charles Street with 26,049 SF total
- Existing lower‑level restaurant/brew pub space
- Brewer tanks and brewery equipment convey with the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,825
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,876,500
$2.9M
Cap Rate 7%
$2,054,643
$2.1M
Cap Rate 9%
$1,598,056
$1.6M
Market Conditions
NOI Build-Up for 26,049 SF
Gross rent
$218.8K $8.40/SF
− Vacancy
−$13.3K −$0.51/SF
EGI
$205.5K $7.89/SF
− OpEx
−$61.6K −$2.37/SF
NOI
$143.8K $5.52/SF
Area
Baltimore, MD
Vacancy
6.10%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,876,500
Cap Rate 7%
$2,054,643
Cap Rate 9%
$1,598,056
Alternative Uses
Best Use
Specialty Retail
$6.01M
$5.26M – $7.02M
NOI $420,939 @ 7.0% cap · market cap 26.31%
Second Best
Office B
$5.17M
$4.53M – $6.04M
NOI $362,153 @ 7.0% cap · market cap 22.63%
Theoretical Best
Office A
$6.24M
$5.46M – $7.28M
NOI $436,843 @ 7.0% cap · market cap 27.30%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,539
Businesses Nearby
Explore this area
Business Placement
Demographics for 21201, MD
18,382
Population
11,468
Households
1.6
Avg Household Size
34
Median Age
47%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
14,140
Density / Sq Mi
$44,722
Median Household Income
$44,239
Median Earnings
$1,282
Median Rent
$221,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Baltimore, MD
Frequently Asked Questions
What type of property is this?
Brewery - Five-level historic building with existing restaurant/brew pub space and brewery tanks and equipment that convey with the sale.
Where is this brewery located?
The property is located at 1106 N Charles St Baltimore, MD.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Historic 1906, five‑level brownstone building at 1106 N Charles Street with 26,049 SF total; Existing lower‑level restaurant/brew pub space; Brewer tanks and brewery equipment convey with the sale
