20 Charles St Baltimore, MD 21201-3220

Property Details for 20 Charles St

Year built

1966

Construction

BRICK

Lot size

0.52 lot acres

Property size

168,696 SF

Zone code

C-5DC

Property type

Office buildings

APN

04-10-0601 -019

APU

4100601019

Description

This 12-story, Class A office building at 20 S Charles St, Baltimore, MD 21201, presents a unique redevelopment opportunity. Boasting 131,153 square feet (121,438 net rentable), the property currently enjoys 56% occupancy. Built in 1966 and extensively renovated in 2018, the Sun Life Building features 11,000 square foot floor plates, floor-to-ceiling windows, an all-glass lobby, and an attractive outdoor plaza. The building includes a two-level, 137-space parking garage, providing ample parking for tenants and visitors. Ground floor retail space offers additional income potential. Security features include a 24/7 staffed and well-lit lobby, under-building parking, interior surveillance, and access control systems. Located in Baltimore's Central Business District (CBD), this property is a short distance from the Inner Harbor, CFG Arena, Camden Yards, and numerous amenities. The 0.52-acre lot is zoned C-5DC, allowing for diverse redevelopment options, including conversion to multifamily or mixed-use. Significant tax credits and development incentives are available through Enterprise Zone and Opportunity Zone programs. The building's consistent layout and stylish design make it an ideal candidate for conversion or to serve as a new company headquarters. Prior ownership invested over $7 million in renovations. This is a rare chance to acquire a high-quality downtown asset significantly below replacement cost.