1014 Charles St Baltimore, MD 21230-4008
- Investment properties
- 2,598 SF
- 0.04 lot acres
Current Use by Public Records
- Michael Kane, RE/MAX Distinctive / Real Estate Agent
- David Jimenez, RE/MAX Distinctive Real Estate, Inc. / Real Estate Agent
- Midtown Day Spa / Day Spa
- Triple Crown Designs / Graphic Designer
- Honey and Company Spa / Spa / Hair Salon
Property Details for 1014 Charles St
- Year built
- 1920
- Construction
- BRICK
- Lot size
- 0.04 lot acres
- Property size
- 2,598 SF
- Zone code
- C-1
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 23-03-0933 -003
- APU
- 23030933003
Description
This 5,100 square foot, three-story vacant storefront in Baltimore's Federal Hill neighborhood presents a compelling redevelopment opportunity. Built in 1920 and renovated in 2024, this fee-simple property sits on a 1,845 square foot lot and is zoned C-1. The unfinished interior offers significant potential for a mixed-use development, with plans including five units: two two-bedroom units, two one-bedroom units, and one efficiency unit. Projected monthly rental income totals approximately $11,000, encompassing a commercial space and residential units, all separately metered. The property's prime location near Cross Street Market, M&T Bank Stadium, and Oriole Park at Camden Yards offers unparalleled convenience and accessibility, with easy access to S Hanover St. The asking price is $425,000, and the property is believed to include space for a two-car garage. Real estate taxes are $10,120 annually. Pre-auction offers are accepted. The property is sold free and clear of all liens. Permit number 20223273.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $645,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $600,000
- 6.5%
- $640,000
- 7%
- $600,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $515,000
- Geo Method
- $585,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $630,000
- Retail
- $675,000
- Mixed-Use
- $670,000
- Hospitality
- $645,000
- Educational
- $680,000
- Residential Income
- $530,000
- Energy
- $570,000
- Income-Based Land
- $620,000
- Food Service
- $640,000
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore City
- State
- Maryland
- Longitude
- -76.6147
- Latitude
- 39.2775
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA