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1106-08 N Charles Street

BALTIMORE, MD 21201
  • $750,000
  • STATUS: Active
  • ON SITE: 41 Days
  • ID#: MDBA2116778
UPDATED: 84 min ago
$750,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

List price to be opening bid. Online auction to be conducted on Auctioneers website. Bidding begins Friday, March 29th & ends Wednesday, April 3, 2024 at 12:30 pm. NOTE: This is an Auction Sale being held on behalf of the owner of the real estate, Bendixhq LLC. The primary occupant The Brewer's Art has been a tenant for 27 years. The business, furniture, fixtures and equipment of the tenants are not part of the sale. Description: The property consists of a rectangular shaped lot with a frontage of approx. 39' on N. Charles St and and Morton St., and a depth of 150'. The total lot area is 5,838 sq. ft. or 0.13 acre. It is improved by a 5-level building containing approx. 23,400 sq. ft. of above grade building area according to the Maryland State Department of Assessment and Taxation. The lower level is accessible from the front and rear of the building and is substantially finished. The main and lower levels are occupied by The Brewer's Art, who has been a tenant for 27 years. They also have offices on the second level of the building. The main level includes an iconic bar area in the front of the building overlooking Charles St. There are two dining rooms and a lounge area in the rear of the bar. The lower level is accessible from a front entrance as well as an interior staircase. It includes a bar and dining rooms. In the rear of this level is a kitchen and a large room devoted to the brewing of beer. There is also interior parking through overhead doors in the rear of the building accessible from Morton St. The second floor is substantially finished into a series of offices occupied by The Brewer's Art and two other tenants. The third and fourth levels are partially finished. Explanation of Income: The property generates $16,926.44/monthly which is $203,117 annualized. The property has been leased by a long established restaurant since 1996. The Brewer's Art who pays 90% of the monthly rent. They are 3 years into a lease extension with two 5 year options remaining. The landlord pays the real estate taxes and insurance. Value Added: The third and fourth levels are unfinished. In 2016 Baltimore City approved the conversion of the third and fourth levels from commercial to 12 dwelling units (9 efficiencies and 3 one-bedroom units). BMZ2016-00388. Please verify with the Baltimore City Zoning Board that this use is still permitted. The City website does not indicate an expiration date. History of 1106 N. Charles St.: The building was designed by the prestigious firm of Wyatt and Nolting and constructed in 1906 as a single family home for W.G. Bowdoin, a senior partner at Alex Brown and Sons. In 1930 a four-story addition was added to the rear of the building. Zoning Code: Description of the C-2 Commercial Zone. "10-204. C-2 Community Commercial District. (a) Areas for which intended. The C-2 Community Commercial Zoning District is intended for areas of small to mediumscale commercial use, typically located along urban corridors, that are designed to accommodate pedestrians and, in some instances, automobiles. (b) Standards. The C-2 District standards are crafted to: (1) ensure compatibility among neighboring residential, commercial, and entertainment uses; (2) maintain the proper scale of commercial use; and (3) maintain a balance between high traffic volume and pedestrian circulation."

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Reston. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-17T19:31:23.873.
www.thepianohomegroup.com/homes/148316359
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1106-08 N Charles Street BALTIMORE, MD 21201

  • Price: $750,000
  • Status: Active
  • On Site: 41 Days
  • Updated: 84 min ago
  • ID#: MDBA2116778
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1900
Built
County:
Baltimore City
School District:
Baltimore City Public Schools
Property Description
List price to be opening bid. Online auction to be conducted on Auctioneers website. Bidding begins Friday, March 29th & ends Wednesday, April 3, 2024 at 12:30 pm. NOTE: This is an Auction Sale being held on behalf of the owner of the real estate, Bendixhq LLC. The primary occupant The Brewer's Art has been a tenant for 27 years. The business, furniture, fixtures and equipment of the tenants are not part of the sale. Description: The property consists of a rectangular shaped lot with a frontage of approx. 39' on N. Charles St and and Morton St., and a depth of 150'. The total lot area is 5,838 sq. ft. or 0.13 acre. It is improved by a 5-level building containing approx. 23,400 sq. ft. of above grade building area according to the Maryland State Department of Assessment and Taxation. The lower level is accessible from the front and rear of the building and is substantially finished. The main and lower levels are occupied by The Brewer's Art, who has been a tenant for 27 years. They also have offices on the second level of the building. The main level includes an iconic bar area in the front of the building overlooking Charles St. There are two dining rooms and a lounge area in the rear of the bar. The lower level is accessible from a front entrance as well as an interior staircase. It includes a bar and dining rooms. In the rear of this level is a kitchen and a large room devoted to the brewing of beer. There is also interior parking through overhead doors in the rear of the building accessible from Morton St. The second floor is substantially finished into a series of offices occupied by The Brewer's Art and two other tenants. The third and fourth levels are partially finished. Explanation of Income: The property generates $16,926.44/monthly which is $203,117 annualized. The property has been leased by a long established restaurant since 1996. The Brewer's Art who pays 90% of the monthly rent. They are 3 years into a lease extension with two 5 year options remaining. The landlord pays the real estate taxes and insurance. Value Added: The third and fourth levels are unfinished. In 2016 Baltimore City approved the conversion of the third and fourth levels from commercial to 12 dwelling units (9 efficiencies and 3 one-bedroom units). BMZ2016-00388. Please verify with the Baltimore City Zoning Board that this use is still permitted. The City website does not indicate an expiration date. History of 1106 N. Charles St.: The building was designed by the prestigious firm of Wyatt and Nolting and constructed in 1906 as a single family home for W.G. Bowdoin, a senior partner at Alex Brown and Sons. In 1930 a four-story addition was added to the rear of the building. Zoning Code: Description of the C-2 Commercial Zone. "10-204. C-2 Community Commercial District. (a) Areas for which intended. The C-2 Community Commercial Zoning District is intended for areas of small to mediumscale commercial use, typically located along urban corridors, that are designed to accommodate pedestrians and, in some instances, automobiles. (b) Standards. The C-2 District standards are crafted to: (1) ensure compatibility among neighboring residential, commercial, and entertainment uses; (2) maintain the proper scale of commercial use; and (3) maintain a balance between high traffic volume and pedestrian circulation."
Exterior Features

Construction Materials StoneOther Garage YN No Parking Types Other Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 23400.00 Cooling Central A/COther Heating Other Heating YN Yes Net Square Feet 23400.00

Property Features

Accessibility Features Other Assessment Year 2023 Business Type Restaurant/Bar Central Air YN Yes Cooling Fuel Electric Heating Fuel Other Hot Water Other Municipality Baltimore City Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 802906960560 Ownership Interest Fee Simple Possession Settlement Property Sub Type Retail Sale Type Auction Sewer Public Sewer Tax Annual Amount 41468.00 Tax Assessment Amount 1757100.00 Tax Lot 035 Vacation Rental YN No Water Source Public Zoning C-2

Listing courtesy of Alex Cooper Auctioneers, Inc.: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Reston. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-17T19:31:23.873.
 
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