2022 N Charles St, Baltimore, MD 21218

Property Description

A Baltimore landmark. Four commercial units. One address with two distinct opportunities. Buy 2022 N. Charles Street for the income in place, or bring your own concept to a fully built-out restaurant, bar and entertainment venue in the heart of Station North. Home to the Baltimore Eagle, the approximately 11,000-square-foot property was redeveloped in 2015 and includes four commercial units currently leased to one tenant under a triple-net lease. Annual base rent is $204,000, with $202,500 in net operating income. The buildout is extensive: four bars, a nightclub and performance space, retail, a large outdoor patio, a commercial kitchen, a separate catering kitchen and two walk-in coolers. Large storefront windows face Charles Street. Sound-attenuating construction, shared entrances and central restrooms allow the spaces to operate together or be leased separately. Furniture, fixtures and equipment convey with the sale, including kitchen and bar equipment, sound and AV equipment, and the POS system. The building also features upgraded utilities, a sprinkler system, basement storage and curbside delivery access. Located along the Charles Street National Scenic Byway, the property is near Penn Station, I-83, universities, restaurants and the arts and entertainment venues that make Station North a destination.