710 & 724 S Ann Street

Description

Available in combination with 724 S. Ann Street, 710 S. Ann Street offers investors a compelling blend of stable income, architectural presence, and long-term optionality in a neighborhood widely regarded as having some of the greatest upside potential in Baltimore.The property is leased to a well-established academic institution with a stellar track record and solid credit and benefits from in-place, triple-net (NNN) income of $35,000 per month, secured by a long-term lease structure with 3.5% annual escalators, creating durable cash flow with built-in growth. Together with 724 S. Ann Street, the property is leased long-term to The New Century School, allowing for unified operations today and thoughtful planning for the future.Rising with quiet authority along S. Ann Street, 710 S. Ann Street is an enduring and expressive building originally conceived as a place of gathering and reflection, a purpose still evident in its volume, light, and presence. The main level offers generous, adaptable spaces with wood floors, exposed brick, tall ceilings, classrooms, a stage, and flexible areas suited to instruction, performance, or events. The second level features a dramatic two-story library along with inviting offices and gathering areas designed for conversation and connection.Upper levels are home to a long-term tenant, The Sanctuary, a thoughtfully curated wellness and training facility set within a breathtaking former sanctuary space with soaring arches and stained glass, providing additional income while aligning naturally with the building’s historic character. A flex auxiliary space on the third floor adds rare and optional use.Throughout, preserved architectural details are supported by modern systems, positioning 710 S. Ann Street as a true destination property - offered alongside 724 S. Ann Street - with strong current performance, cooperative tenancy, and exceptional long-term potential.Building Size: 16,080 SF +/-HVAC: 7 units plus 3 mini-splits (10 total)Water Heater: 1 × 80-gallonRoof: shingled replaced 2014Windows: replaced 2014Fire Protection: no sprinkler systemParking: 15 spaces +/- (rear)Easement: alley easement along the north side of the buildingTucked behind a classic brick façade in the heart of historic Fells Point, the 724 S. Ann Street blends purpose, care, and creativity. Tall arched windows flood bright, well-proportioned rooms with natural light, highlighting warm wood floors and original architectural details that give the space a distinctly human scale. The layout balances intimacy with flexibility for learning, gathering, or collaboration, anchored by a bright, welcoming gathering hall with dedicated dining amenities, and supported by thoughtful modern updates that respect the building’s historic character.Outdoors, a rare and expansive fully fenced courtyard offers a private, garden-like retreat with mature trees and open space, seamlessly connected to the building. Carefully maintained and modernized with multiple HVAC zones and streamlined infrastructure, 724 S. Ann Street functions with ease today while offering meaningful long-term development and repositioning potential as the surrounding neighborhood continues to evolve.This offering represents one of the most compelling upside opportunities in the city, as part of a paired investment with 710 S. Ann Street.Building Size: 11,412 SF +/- HVAC: 6 units plus 1 mini-split (7 total)Water Heater: 1 × 71-gallonRoof: rubber membrane, replaced 2022Windows: replaced 2012Kitchen: commercial with grease trap and fire suppressionFire Protection: no sprinkler systemParking: 11 spaces +/- (side of the building)