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    544 Old Town Mall Baltimore, MD 21202

    Sponsored
    For Sale
    $275,000

    Prime Value-Add Office in Baltimore

    Property size:
    2,144 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 2,144 square foot executive office building presents a compelling value-add opportunity for owner-occupants or investors. Located at 544 Old Town Mall in Baltimore, MD 21202, this two-story, Class C building, constructed in 1920, offers significant potential. Currently zoned C-2, allowing for retail, residential, and office uses, the property boasts a strong foundation with a recently re-pointed brick exterior and a well-maintained roof. The first floor is currently leased to a restaurant generating $1,500 per month in rent plus expenses. The second floor is a blank canvas, ready for a custom interior build-out to suit your specific business needs. The seller is even willing to act as a contractor to complete the build-out for the new owner. This property is situated within an Opportunity Zone and Enterprise Zone, and benefits from its location in the Perkins Somerset Oldtown Transformation District, promising future growth and appreciation. Priced at $275,000 ($128.26 per square foot), this is a rare chance to acquire a building in a desirable location at an attractive price point, allowing for significant customization and potential for substantial return on investment. The building's shell condition provides flexibility for a variety of uses, making it an ideal investment for those seeking a unique opportunity to create their ideal workspace or build a strong rental portfolio.

    Property Features for 544 Old Town Mall

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,144 SF
    Class
    C

    Building Details

    Year Built
    1920
    Stories
    2

    HighLights

    • $275,000 asking price for this value‑add office investment opportunity.
    • Located in a Baltimore Opportunity Zone and Enterprise Zone, offering potential tax benefits.
    • Situated in the Perkins Somerset Oldtown Transformation District, a rapidly developing area.
    • 2,144 square foot building, currently in shell condition, ready for tenant improvements.
    • C‑2 zoning permits retail, residential, and office uses, providing flexibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    BTM Limited Saddlery Salon Charm'D Hair Salon Big Mama's Heart ... Soul Food Restaurant

    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
    -76.6032483
    Latitude
    39.2970287

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Value-Add Office in Baltimore
    Where is this office property / space located?
    The property is located at 544 Old Town Mall Baltimore, MD.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: $275,000 asking price for this value-add office investment opportunity.; Located in a Baltimore Opportunity Zone and Enterprise Zone, offering potential tax benefits.; Situated in the Perkins Somerset Oldtown Transformation District, a rapidly developing area.
    (202) 744-6910
    Request Owner's contact information
    544 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
    544 Old Town Mall Baltimore, MD 21202
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