The McDowell Building

337-341 N Charles St. , Baltimore, MD 21201

337-341 N Charles St. | Baltimore, MD 21201

Harbor Stone Advisors is pleased to present the opportunity to acquire The McDowell Building, a fully occupied asset located in Downtown Baltimore. The property is located less than a 5-minute walk away from Mercy Medical Center, one of Baltimore City's top employers, and just steps away from the historic Mt Vernon neighborhood.

The McDowell Building features (7) 1 Br-1 Ba, (8) 2 Br-2 Ba, and (2) commercial spaces. The commercial spaces are leased to Bella Bridesmaids and Elite Secrets Bridal through September 2025. There is also a parking garage on-site with seven parking spaces.

Current ownership gut renovated all of the units at 337 N Charles in 2018 with a scope of updated stainless steel appliances, granite countertops, new cabinets, and modern hardware/fixtures. The opportunity exists for a new owner to renovate all of the units at 339-341 N Charles with the same scope. Comparable properties nearby are achieving rents at least $300 higher than the Subject property.

The Property has pre-existing debt below market rates that can be assumed. The current loan balance is $1,787,753 with 5 years remaining and a 4% interest rate.

99 Walk Score of 337 North Charles Street Baltimore MD 21201

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Attachments

Highlights

  • Opportunity to Acquire a Fully Occupied Asset in Downtown Baltimore
  • Features (7) 1 Br-1 Ba, (8) 2 Br-2 Ba, and (2) commercial spaces
  • Commercial spaces are leased to Bella Bridesmaids and Elite Secrets Bridal through September 2025
  • Parking garage on-site with seven parking spaces
  • Ability to Increase Rents Via Cosmetic Renovation of 13 Units
  • Current ownership renovated all of the units at 337 N Charles in 2018 with a scope of updated stainless steel appliances, granite countertops, new cabinets, and modern hardware/fixtures
  • Opportunity exists for a new owner to renovate all of the units at 339-341 N Charles with the same scope
  • Comparable properties nearby are achieving rents at least $300 higher than the Subject property
  • In-Place Assumable Debt Below Market Rates
  • Property has pre-existing debt that can be assumed
  • Current loan balance is $1,787,753 with 5 years remaining and a 4% interest rate
  • Superior Location in Downtown Baltimore; Less Than a 5-Minute Walk Away from Mercy Medical Center
  • Ranked a Walker's Paradise by WalkScore, just steps away from retail, dining, and cultural attractions
  • Close proximity to Inner Harbor
  • Major area employers nearby: Mercy Medical Center, Agora Financial, University Maryland Medical Center (UMMC) Midtown Campus
  • Major area colleges nearby: Peabody Institute of the Johns Hopkins University, University of Maryland, Baltimore, University of Baltimore (UB)

Contacts

broker

Justin Verner

Harbor Stone Advisors

(410) 960-3962

broker

Brooks Healy

Harbor Stone Advisors

(443) 523-6865

broker

Tom Wohlgemuth

Harbor Stone Advisors

(240) 444-4656

broker

Shana Callahan

Harbor Stone Advisors

broker

Todd Galvin

Harbor Stone Advisors

(410) 575-1861

Location

Getting Around

  • Walk Score ®

    99/100 Walker's Paradise

  • Transit Score ®

    100/100 Rider's Paradise

  • Bike Score ®

    66/100 Bikeable
Powered by Walk Score ®
  • City Baltimore, MD
  • Neighborhood Downtown Baltimore
  • Zip Code 21201
  • Market Baltimore

Points of Interest

  • Lexington Market

    0.26 miles

  • Charles Center

    0.28 miles

  • Lexington Market

    0.32 miles

  • Centre Street

    0.34 miles

  • Baltimore Arena

    0.42 miles

  • Shot Tower

    0.55 miles

  • Shot Tower/Market Place

    0.55 miles

  • Convention Center

    0.60 miles

  • State Center

    0.69 miles

  • Camden Station

    0.73 miles

  • Gulf

    0.38 miles

  • ChargePoint

    0.45 miles

  • Exxon

    0.45 miles

  • Sunoco

    0.78 miles

  • BP

    0.79 miles

  • BP

    0.85 miles

  • Maryland Science Center

    0.90 miles

  • Mystik

    1.01 miles

  • Marathon

    1.13 miles

  • BP

    1.20 miles

  • 15 W. Franklin Street Garage

    0.09 miles

  • 210 St Paul Place Garage

    0.14 miles

  • McAuley Garage

    0.15 miles

  • The Weinberg Garage

    0.16 miles

  • The Bunting Garage

    0.18 miles

  • MAPS Employee Parking

    0.23 miles

  • SP+

    0.23 miles

  • Lot C

    0.26 miles

  • 601 N Calvert Street Garage

    0.26 miles

  • Fallsway Impound Lot

    0.27 miles

  • Home2 Suites

    0.02 miles

  • Hostelling International

    0.08 miles

  • Embassy Suites

    0.12 miles

  • Hotel Indigo

    0.13 miles

  • La Quinta Inn & Suites by Wyndham Baltimore Downtown

    0.18 miles

  • Quality Inn

    0.20 miles

  • La Quinta

    0.26 miles

  • Hotel Monaco Baltimore

    0.27 miles

  • Revival Baltimore

    0.27 miles

  • Lord Baltimore Hotel

    0.29 miles

  • Jack and Zach

    0.01 miles

  • HomeSlyce Pizza Bar

    0.03 miles

  • The Red Boat

    0.03 miles

  • Banthai

    0.03 miles

  • Lumbini Restaurant & Grill

    0.04 miles

  • Sijan Cafe

    0.04 miles

  • Sotto Sopra

    0.04 miles

  • Cazbar

    0.06 miles

  • Maisy's

    0.06 miles

  • The Burning Hen

    0.06 miles

  • New Foundations Mansef School

    0.09 miles

  • Saint Alphonsus School

    0.16 miles

  • The Peabody Institute of Johns Hopkins

    0.19 miles

  • Baltimore School For The Arts

    0.31 miles

  • Academy of Languages

    0.32 miles

  • Grace and Saint Peters School

    0.32 miles

  • Downtown Baltimore Child Care / Park Avenue

    0.39 miles

  • Saint Marys Seminary

    0.47 miles

  • Baltimore City Community College-Harbor Campus

    0.55 miles

  • School of Social Work

    0.57 miles

  • Charles Plaza Child Care & Development

    0.07 miles

  • All My Children Child Care Center

    0.43 miles

  • Downtown Baltimore Child Care, Inc.

    0.54 miles

  • Bolton Hill Nursery

    0.96 miles

  • Saint Vincent de Paul Head Start

    1.29 miles

  • Headstart, Harford Elementary School Modular

    1.78 miles

  • Kiddie Academy

    1.93 miles

  • Dynamic Deliverance Childcare Center

    2.07 miles

  • Homewood Early Learning Center

    2.31 miles

  • Bright Beginnings

    2.86 miles

Frequently Asked Questions

What is the total square footage of The McDowell Building?

The McDowell Building totals 17,806 square feet.

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