317 Charles StBaltimore, MD 21201

Property Details for 317 Charles St

Year built

1920

Construction

BRICK

Lot size

0.05 AC

Property size (Sq ft)

10,125 SF

Zone code

C-5HT

Property type

Retail space

APN

04-01-0603 -013

APU

4010603013

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,413,820

  6.5%

  $2,228,140

  7%

  $2,068,990

• Comparable approach

  Method

  Valuation

  Relative Method

  $662,442

  Geo Method

  $662,442

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,251,560

  Mixed-Use / Specialty

  $2,257,990

  Hospitality / Lodging

  $1,705,830

  Office

  $2,283,950

  Institutional / Educational

  $2,360,910

  Residential Income

  $2,762,270

  Multifamily

  $3,103,380

  Automotive / Energy

  $2,023,640

  Parking / Income-Based Land

  $660,991

  Restaurant / Food Service

  $1,255,060

  Healthcare / Senior Housing

  $2,276,770

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.293

Longitude

-76.6151

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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