For Sale
$525,000

317 Charles St Baltimore, MD 21201

Historic building, prime location, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional mixed-use property, located in Baltimore's Central Business District just south of Mount Vernon, presents a unique redevelopment opportunity. The four-story, 12,375 square foot building, formerly home to Lycett and Downs Stationers, boasts a rich history and is listed on the Maryland Inventory of Historic Properties. Currently mostly gutted, it offers a blank canvas for creative vision. The C-5 Downtown zoning permits a wide range of uses, including retail, office, multifamily, or mixed-use development. Situated on an irregularly shaped lot (approximately 2,300-2,400 sq ft) with rear alley access, the building benefits from high visibility on North Charles Street, a major commercial and cultural artery. Its location within an Opportunity Zone provides substantial tax incentives, making this a financially attractive investment. The building features a decorative facade, transoms, and bow windows, adding to its historical charm. With excellent access to major roadways (I-83, I-395, US-40, MD-295, and I-95) and proximity to key attractions like the Inner Harbor, this property offers unparalleled potential for significant return. The asking price is $525,000, with annual real estate taxes of $9,425.84. The property is being sold fee simple, free and clear of all liens.

Highlights

  • Prime Downtown Baltimore location, south of Mount Vernon, in a high-exposure commercial and cultural area.
  • 12,375 square-foot building on six levels, mostly gutted.
  • C-5 Downtown zoning permits retail, office, multifamily, or mixed-use development.
  • Opportunity Zone designation provides substantial tax incentives.
  • Historic building (former Lycett/Downs Stationers), listed on the Maryland Inventory of Historic Properties.
  • Develop a piece of Baltimore history on a major north-south commercial corridor.

Property Details for 317 Charles St

Property type
Retail properties, Office properties
Square Feet
12,375 SF
Year Built
1906
Buildings
1
Stories
4

Location Insight

City
Baltimore
County
Baltimore
State
Maryland
Latitude
39.292968278208
Longitude
-76.615367262602

FAQs

What type of property is this?
Retail property - Historic building, prime location, high potential.
Where is the retail property located?
The property is located at 317 Charles St Baltimore, MD.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Prime Downtown Baltimore location, south of Mount Vernon, in a high-exposure commercial and cultural area.; 12,375 square-foot building on six levels, mostly gutted.; C-5 Downtown zoning permits retail, office, multifamily, or mixed-use development.
How can I contact the broker?
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317 Charles St
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