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Mixed-Use Space in Federal Hill

723 S CHARLES St S 102, Baltimore, MD 21230

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For Sale

$165,000

868 SF mixed-use space in prime Federal Hill location.

Type:Commercial

Property size:

868 SF

Price / SF:

$190/SF

Listing Contact

Jody Bell

Real Estate License ID: 657917

HighLights

Prime Federal Hill location with an incredible Walk Score of 96, making it a Walker's Paradise.
Flexible mixed‑use space, perfect for office, retail, service business, or even live/work arrangements (subject to approvals).
Approximately 868 square feet of functional space.
Excellent transit score of 74.
Opportunity to combine with Unit LL2 for expanded space.
Bike Score of 66, indicating it's a Bikeable location.

Learn more

For Sale

$165,000

868 SF mixed-use space in prime Federal Hill location.

Type:Commercial

Property size:

868 SF

Price / SF:

$190/SF

Added:: Apr 21, 2026
Days on Market:: 52
Last Refresh:: Apr 21 at 12:35 am

Property Features for 723 S CHARLES St S 102

General Information

Standard status: Active
Size: 868 SF
Property subtype: Commercial

Building Details

Year Built: 1985

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Listing Contact

Jody Bell

Listing agent Jody Bell License #657917

Listing office COLDWELL BANKER REALTY

Listing date Apr 21, 2026

Source Elliman

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 COLDWELL BANKER REALTY

HighLights

Prime Federal Hill location with an incredible Walk Score of 96, making it a Walker's Paradise.
Flexible mixed‑use space, perfect for office, retail, service business, or even live/work arrangements (subject to approvals).
Approximately 868 square feet of functional space.
Excellent transit score of 74.
Opportunity to combine with Unit LL2 for expanded space.
Bike Score of 66, indicating it's a Bikeable location.

Overview

Unit 102 offers approximately 868 square feet of versatile mixed-use space in a prime Federal Hill location. It is well-suited for office, boutique commercial, service-oriented business, consulting, or potential live/work occupancy, subject to approvals. This unit provides an excellent opportunity for a buyer or tenant seeking a highly functional footprint in a walkable and well-positioned urban setting. This unit may be occupied independently or in combination with Unit LL2, creating an expanded occupancy option for users seeking additional square footage and flexibility. The location has a bike score of 66, indicating it is bikeable, a walk score of 96, indicating it is a walker's paradise, and a transit score of 74, indicating excellent transit.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$18.7k	$21.60
− Vacancy	−$1.2k	−$1.38
EGI	$17.6k	$20.22
− OpEx	−$5.3k	−$6.07
NOI	$12.3k	$14.15

868 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%

Alternative Uses

Best Use

Retail

$175.5K

$153.6K – $204.8K (±1% cap)

NOI $12,286 @ 7.0% cap · market cap 7.45%

Second Best

Office B

$172.4K

$150.9K – $201.1K (±1% cap)

NOI $12,068 @ 7.0% cap · market cap 7.31%

Theoretical Best

Office A

$207.9K

$182.0K – $242.6K (±1% cap)

NOI $14,556 @ 7.0% cap · market cap 8.82%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Law Offices of Edward ... Consultant Exclusive Healthcare Placement Employment Agency Integrity Real Estate ... Construction Company Total Wellness Nutritionist Ks Property Management ... Property Management Company

Suggested Use

Location Insight

Map
Local Demand

City: Baltimore
County: Baltimore
State: Maryland
Longitude: -76.6143339
Latitude: 39.2803136

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For sale
Mixed-use properties
MD
Baltimore
21230
723 S CHARLES St S 102

What type of property is this?

Mixed-use property - 868 SF mixed-use space in prime Federal Hill location.

Where is this mixed-use property located?

The property is located at 723 S CHARLES St S 102 Baltimore, MD.

What is the asking price?

The asking price for this property is $165,000.

What are key features of this property?

This property features: Prime Federal Hill location with an incredible Walk Score of 96, making it a Walker's Paradise.; Flexible mixed‑use space, perfect for office, retail, service business, or even live/work arrangements (subject to approvals).; Approximately 868 square feet of functional space.