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    554 Old Town Mall Baltimore, MD 21202

    Sponsored
    For Sale
    $300,000

    Prime location, 2,522 sq ft, $300,000

    Property size:
    2,522 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,522-square-foot executive office building presents a compelling value-add opportunity for both owner-users and investors. Situated at 554 Old Town Mall in Baltimore, Maryland, zip code 21202, this Class C property boasts a prime location within the Perkins Somerset Oldtown Transformation District, benefiting from its designation as both an Opportunity Zone and an Enterprise Zone. Constructed in 1920, the building has undergone a complete renovation, featuring new mechanical, electrical, and plumbing systems. The exterior brickwork has been expertly re-pointed, and the roof is in excellent condition. Currently in shell condition, this two-story structure offers a blank canvas for interior build-out, allowing for complete customization to suit specific business needs. The C-2 zoning permits a versatile range of uses, including retail, residential, and office spaces, maximizing potential returns. The asking price is $300,000, representing an attractive investment opportunity in a rapidly developing area. This property offers a unique chance to acquire a building at an affordable price and create a space perfectly tailored to your business requirements.

    Property Features for 554 Old Town Mall

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,522 SF
    Class
    C

    Building Details

    Year Built
    1920

    HighLights

    • $300,000 asking price for this 2,522 square foot executive office building.
    • Located in Baltimore, MD, in the 21202 zip code.
    • Class C building, built in 1920, with C‑2 zoning allowing for retail, residential, and office uses.
    • Value‑add opportunity in an Opportunity Zone and Enterprise Zone, situated within the Perkins Somerset Oldtown Transformation District.
    • Building is in shell condition, ready for interior build‑out.
    Property Profile Location Intelligence

    Current Use by Public Records

    Selfie Space Baltimore Photography Studio Silver Gorilla Apparel ... Haute Couture Fashion House ReSol Apparel Clothing Store

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Building Supply Clothing Store Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6030339
    Latitude
    39.2972128

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, 2,522 sq ft, $300,000
    Where is this office property / space located?
    The property is located at 554 Old Town Mall Baltimore, MD.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: $300,000 asking price for this 2,522 square foot executive office building.; Located in Baltimore, MD, in the 21202 zip code.; Class C building, built in 1920, with C-2 zoning allowing for retail, residential, and office uses.
    (202) 744-6910
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    554 Old Town Mall Baltimore, MD 21202
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    Baltimore, MD 21202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    554 Old Town Mall Baltimore, MD 21202
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