Property tours are available by appointment ONLY. Please contact Frank Shopland to schedule at frank@frankshopland.com or 301-300-6275. Investment Highlights: ±29,238 SF Four-Story, Five-Level Mixed-Use Building in Baltimore, MD ±67.97% Occupied and Anchored by The Brewer's Art Brewery and Restaurant since 1997 Value Add Opportunity through Lease-Up of Vacancy and Potential Redevelopment Baltimore CBD location with Quick Access to the Rest of the City Historic Architecture with Modern Building Systems in beautiful Mount Vernon neighborhood Investment Overview: 1106 North Charles Street (the “Property” or “Building”) is located just north of the intersection of North Charles Street and Chase Street in the Mount Vernon Neighborhood of Baltimore’s Central Business District. The Building is situated on a 0.13 acre parcel with 38.88 feet of frontage along N. Charles Street. North Charles Street is one of the primary south-to-north thoroughfares and stretches from Inner Harbor north to the Baltimore Beltway. Access is provided via a main entrance on N. Charles Street as well as a back entrance and garage/loading dock at the rear of the building on Morton Street. Constructed in 1905, the improvements consist of four stories plus a lower level and is a mixed-use building with office and retail suites. The Property is currently 67.97% occupied. The main and lower levels are leased to The Brewer's Art(53.78% of NRA; 83.32% of total revenue), an award-winning destination restaurant and brewery that brews and serves its own craft beers. The Brewer's Art has a current lease expiration of March 31, 2021 with three, five-year renewal options. Their lease has a 3% increase on April 1 of each lease year. Brewer’s Art first opened here in 1997. The main floor consists of the dining room and a bar, ornately decorated in 1920s Art Deco style with the main bar looking out onto N. Charles Street. The lower level features a second more casual bar that’s accessible from stairs inside the main bar but also has a separate outside entrance on N. Charles St. The lower level also has the kitchen and brewery which produces beer for the restaurant and for sale to distributors. The Brewer's Art is considered one of the best examples of the craft brewery/restaurant concept, winning numerous beer and dining awards, as well as being regularly featured in beer, dining, and lifestyle publications. The Brewer's Art was awarded Esquire Magazine's #1 Best Bar in America in 2009. The second, third, and fourth floors contain a variety of offices and creative spaces that vary significantly in both size and floor plan. There are private offices, meeting and board rooms, and open creative spaces and each floor has separate his/her bathrooms and kitchenette. The remaining tenants are month-to-month with two being tenants for three years or more and one for over 15 years. The seller currently occupies space in the building and will vacate upon sale of the building. Originally a residence for a partner of Alex. Brown & Sons (the first investment bank in the United States) the Property was built in the early 1900’s shortly after the Great Baltimore Fire of 1904 and was constructed as the first fire-proof home south of New York City. Designed by Wyatt and Nolting, the most prestigious architectural firm in Baltimore during the period and it remains one of the most historical addresses in Baltimore. The Mount Vernon neighborhood has also become home to many professional service providers, including medical and legal offices, publishing firms, architectural firms, insurance and financial institutions, and fund managers. Art galleries, retail stores, hotels, and bed and breakfasts also populate the neighborhood and Mount Vernon has a rich nightlife, with a wide variety of fine restaurants, cafes, and bars located not only along Charles Street but throughout the neighborhood. Mount Vernon is convenient to the financial district just a few blocks south and is well-served by public transit with multiple major bus routes and shuttle bus services to the local colleges and universities nearby. The Property has a walk score of 97 (walker’s paradise) and a transit score of 83 (excellent).
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