Added: May 11Changed: Oct 1Last Checked: Oct 5 at 5:19PM
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Investment Insights
Based on property information with market context.
Located at the intersection of North Charles Street and Mulberry Street, adjacent to the Baltimore Basilica, 343 North Charles Street is a four-story, 13,333-square-foot historic office building. It features a stone façade, vintage storefront presence, elevator service, and adaptable floor plates. The property combines street-level occupancy with vacancy and repositioning potential on the upper floors. The ground floor is occupied by Live Baltimore, a nonprofit tenant with over 20 years of occupancy, with a lease extending through June 2031, with extension options. Baltimore Renters United occupies approximately 1,200 square feet on a portion of the second floor through March 2028, while the balance of the building remains available. The property is approximately 26% leased and generates approximately $51,000 annually. Existing leases are structured as gross or modified gross with limited expense recoveries. Ownership projects stabilized gross income potential of approximately $132,000 annually upon lease-up. The asset is zoned C-5-HT (Downtown Historic and Traditional Subdistrict), allowing for office, retail, residential, and mixed-use configurations. The building’s scale, layout, and zoning flexibility support potential residential conversion of the upper floors, subject to approvals. Situated within walking distance of Downtown Baltimore, Mount Vernon, Lexington Market, the University of Maryland Medical Center, and multiple public transit stations, the property benefits from connectivity, amenities, and adaptive reuse demand. Offered via Ten-X Online Auction June 22–24, 2026.
Key Highlights
Historic mixed‑occupancy building in a desirable commercial corridor
Ground floor occupied by a well‑established tenant (Live Baltimore) with a lease extending through June 2031
Substantial vacancy on upper floors provides opportunities for lease‑up, owner occupancy, or repositioning**
Property Analytics
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Current Use
Office buildings
Suggested Use
Top PickNail SalonHair SalonGrocery & Convenience Store(Bike/Boat/Book/etc) StoreFurniture & Home GoodsHVAC Service
Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Trade Area within ½ mile
1,944
Businesses Nearby
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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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Market
Vacancy Rate%for Office in Baltimore, MD
12.4%2019
13.1%2020
13%2021
14.5%2022
17.1%2023
16.3%2024
17.2%2025
Questions? Ask Rey
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Mixed-use property - Historic office building with income and repositioning potential.
Where is this mixed-use property located?
The property is located at 343 North Charles Street Baltimore, MD.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Historic mixed‑occupancy building in a desirable commercial corridor; Ground floor occupied by a well‑established tenant (Live Baltimore) with a lease extending through June 2031; Substantial vacancy on upper floors provides opportunities for lease‑up, owner occupancy, or repositioning**
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New: 350 Mission StJust listed · $36/SF · 2 min ago