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924 N Charles St
Baltimore, MD 21201
Retail Property For Sale
Investment Highlights
- Long-term NNN restaurant tenancy providing stable, low-maintenance income.
- Multi-level entertainment layout featuring multiple bars, lounge spaces, and an atrium that elevates the guest experience.
- Highly accessible corridor with both off-street and street parking that enhances customer convenience.
- Recent capital improvements and modernized kitchen infrastructure supporting strong operational performance.
- Positioned in a walkable cultural hub surrounded by arts institutions, universities, and established residential communities.
Executive Summary
924 N Charles St presents an exceptional opportunity to acquire a stabilized, NNN-leased restaurant property located in the heart of Baltimore’s Mount Vernon neighborhood, one of the city’s most architecturally rich and culturally energetic districts. This fully renovated asset benefits from major upgrades completed less than a decade ago, resulting in a high-quality hospitality environment supported by modern infrastructure, a state-of-the-art commercial kitchen, and thoughtfully designed dining and entertainment areas.
Mount Vernon’s renowned blend of residential density, walkable amenities, academic institutions, boutique retailers, and landmark arts destinations creates a dynamic customer base and consistent foot traffic. Positioned along the prominent North Charles Street corridor, the property allows for seamless access to Baltimore Penn Station, the Central Business District, and the region’s primary roadways including I-83 and I-95. The combination of visibility, neighborhood appeal, and transit connectivity strengthens long-term tenant performance and enhances the asset’s desirability for investors seeking durable income.
The existing long-term NNN restaurant lease offers passive, predictable cash flow with minimal landlord responsibilities, positioning the property as a low-touch investment ideal for both regional and out-of-market buyers. The interior layout includes multiple bars, a DJ booth, a lounge area, and an impressive atrium, creating a multi-level hospitality experience that aligns with today’s experiential dining trends. Off-street parking behind the building and ample street parking further support accessibility, a rare advantage in this historic neighborhood.
Surrounded by Baltimore’s arts institutions, strong employment centers, and a growing residential base, 924 N Charles St stands as a compelling investment offering within a proven urban destination. The combination of updated infrastructure, stable tenancy, and a high-profile location positions this asset to deliver ongoing value for years to come.
Mount Vernon’s renowned blend of residential density, walkable amenities, academic institutions, boutique retailers, and landmark arts destinations creates a dynamic customer base and consistent foot traffic. Positioned along the prominent North Charles Street corridor, the property allows for seamless access to Baltimore Penn Station, the Central Business District, and the region’s primary roadways including I-83 and I-95. The combination of visibility, neighborhood appeal, and transit connectivity strengthens long-term tenant performance and enhances the asset’s desirability for investors seeking durable income.
The existing long-term NNN restaurant lease offers passive, predictable cash flow with minimal landlord responsibilities, positioning the property as a low-touch investment ideal for both regional and out-of-market buyers. The interior layout includes multiple bars, a DJ booth, a lounge area, and an impressive atrium, creating a multi-level hospitality experience that aligns with today’s experiential dining trends. Off-street parking behind the building and ample street parking further support accessibility, a rare advantage in this historic neighborhood.
Surrounded by Baltimore’s arts institutions, strong employment centers, and a growing residential base, 924 N Charles St stands as a compelling investment offering within a proven urban destination. The combination of updated infrastructure, stable tenancy, and a high-profile location positions this asset to deliver ongoing value for years to come.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
13,000 SF
Building Class
B
Year Built/Renovated
1870/2016
Tenancy
Single
Building Height
4 Stories
Slab To Slab
10’
Building FAR
3.32
Lot Size
0.09 AC
Zoning
C-2 - Community Commercial District
Frontage
Amenities
- Restaurant
- Signage
Property Taxes
| Parcel Number | 0511-016 | Improvements Assessment | $858,347 CAD |
| Land Assessment | $186,627 CAD | Total Assessment | $1,044,974 CAD |
Property Taxes
Parcel Number
0511-016
Land Assessment
$186,627 CAD
Improvements Assessment
$858,347 CAD
Total Assessment
$1,044,974 CAD
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