1014 Charles StBaltimore, MD 21230

Property Details for 1014 Charles St

Year built

1920

Construction

BRICK

Lot size

0.04 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $560,189

  6.5%

  $517,097

  7%

  $480,162

• Comparable approach

  Method

  Valuation

  Relative Method

  $163,440

  Geo Method

  $163,440

• Alternative Use

  Use

  Valuation

  Residential

  $641,201

  Hospitality

  $587,336

  Educational

  $488,657

  Medical

  $505,463

  Retail

  $760,133

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.2775

Longitude

-76.6147

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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