Retail Investment Property in Station North
Address: 2116 N Charles St
County: Baltimore City
9.8% Cap for quick sale! Two new leases signed. Multi-Unit retail and office building in the Station North Neighborhood Zoned C-1.
The property currently has a 92% occupancy rate. Currently laid out as a 6-unit retail and office building containing approx. 6,200 sq. ft. of building area. Substantial improvements have been completed in the past two years. The main first floor street retail unit (2 units combined and can be rented separately) which also comprises space in the rear of the second floor is occupied by a salon. Central heat and separate air conditioning systems for most units. Lot Size - 29' x 150'. 2nd and 3rd floor offices are leased and could be easily converted to micro offices or potentially apartments in the future. Parking in the rear. Call for details and to schedule a tour.
Recent Building Improvements include:
Reparged, repointed and painted exterior brick
Repairs to the oil steam boiler and all radiators to restore to good and efficient condition
Replace two oil tanks and hot water heater New air conditioning unit for the lower level
New upper roof with 15 year warranty
Refinished original heart pine floors in common areas and several units