111 Water St. Listing Details & Market Data

111 Water Street is located in the heart of the central business district in downtown Baltimore. The neighborhood is home to business professionals who live and work in the area. This building is positioned near the city's most trafficked thoroughfares. The immediate area is home to highly walkable streets, high rise office buildings, and quality residential living - a perfect formula for successful ground level retail and professional office space. In spring 2021, Governor Hogan announced an allocation of $50M to relocate over 3,000 employees to the CBD to the new MD State Complex 3 blocks away, which is sure to strengthen the need for commercial activity in the immediate area.111 Water St. presents a rare opportunity for an owner/user to acquire a building that features 10,980 SF of vacant class A office space. As opposed to investing money to improve a space, a company can utilize this turnkey opportunity to move in and hit the ground running. The current ownership and previous tenant have invested significantly in the space including top of the line finishes and a new elevator system.111 Water Street presents multiple leasing opportunities for expanding and established businesses: 1. The multi-level penthouse suite, designed and presently occupied by commercial architecture group Arris Design Studio, is a wonderfully renovated, class-A office space that embodies flawless design and functionality. Available in June, 2023, suite 300 features everything needed for the modern office user, including 2 glass encapsulated conference rooms, a large and aesthetically pleasing kitchenette, cozy and cohesive common areas, built-in professional library, as well as spacious individual and private offices. This two-level, 10,980 SF suite is connected by a stunning interior staircase that compliments the historic nature of the building's exposed brick and rafters. Key-fobbed elevator access is present for both floors as well as secure access from the entrance of the property. **There is currently 3,525 SF of office space available on the 2nd floor. Users have the ability to lease both spaces with the potential to occupy 14,500 SF in the building. 2. A ground floor retail opportunity for restauranteurs to lease a second generation restaurant space in the heart of Baltimore's rapidly revitalizing Central Business District. This unique space contains 2 levels of dining areas, outdoor seating capability, a fully functional kitchen, hood system, bar area, dry storage, walk-in freezers, two restrooms, and plentiful seating across the main and lower level. The space is currently vacant and is available for immediate occupancy.