40,170 SF Historic Office Building – 90% Leased to Government Tenancy

A standout opportunity in the heart of Baltimore’s business district, this 40,170-square-foot historic office building offers a rare combination of stable income and architectural prestige. Situated on a 0.29-acre lot, this four-story, freestanding asset is currently 90% occupied, providing immediate cash flow backed by a high-credit municipal tenant.

With a commanding presence overlooking the Baltimore Holocaust Memorial on Lombard Street, the property serves as a cornerstone of the downtown professional landscape. The building’s historic character is seamlessly integrated with modern infrastructure upgrades, making it a highly attractive destination for long-term professional and government occupants.

Comprehensive Asset Specifications

Tenant Profile & Income Stability

This asset is anchored by a significant government presence, ensuring a reliable and secure income stream for the discerning investor.

• Anchor Tenant: The Baltimore Department of Transportation occupies 84% of the building, demonstrating the property’s strategic importance and utility for civic and administrative operations.

• Diverse Rent Roll: The building is leased to a total of three tenants, providing a balanced risk profile.

• Value-Add Potential: One prime second-floor suite, totaling 3,262 SF, is available for immediate lease-up (as of September 2025). This vacancy offers an investor the opportunity to reach 100% occupancy or provides an owner-user with a high-profile satellite office in a prestigious building.

Building Infrastructure & Modern Enhancements

Despite its historic status, the property has undergone significant modernizations to meet contemporary professional standards:

• Energy Efficiency: The entire facility features newly installed LED lighting fixtures, significantly reducing overhead costs and improving the workspace environment.

• Accessibility & Safety: The building is fully ADA compliant, featuring a reliable hydraulic passenger elevator serving all four floors and a comprehensive fire sprinkler system throughout.

• Workspace Quality: High ceilings and expansive perimeter window lines provide an abundance of natural light and spectacular views of the Baltimore Holocaust Memorial. The interior layout is currently configured with multiple private windowed offices, ideal for legal, government, or professional services.

Strategic Location & Zoning

Zoned C-5 TO (Downtown Traditional Office District), the property is optimized for high-density professional use.

• Connectivity: Centrally located on Lombard Street, the building offers easy pedestrian and vehicular access to Baltimore’s Inner Harbor, courthouses, and major transit hubs.

• Secure Parking: A rare find in a dense urban environment, the property includes seven gated parking spaces, providing essential convenience and security for executive staff or fleet vehicles.