538 Old Town Mall Baltimore, MD 21202
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Baltimore Retail Space - Value-Add Opportunity
Property size:
6,144 SFProperty Features for 538 Old Town Mall
General Information
- Property type
- Retail properties
- Square Feet
- 6,144 SF
- Class
- C
Building Details
- Year Built
- 1920
Listing Agency: Trout Daniel & Associates Listing Agent: Leo Mcdermott
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This 6,144 square foot, three-story retail building located at 538 Old Town Mall in Baltimore, MD 21202 presents a compelling value-add opportunity for owner-users or investors. Built in 1920, the property features a recently re-pointed brick exterior and a well-maintained roof. The building boasts two staircases and two entrances for convenient access. Currently, the first floor is leased to a childcare center for $2,000 per month plus expenses. The upper two floors have been completely gutted, providing a blank canvas for new interior construction tailored to the buyer's specific needs. The seller is even willing to act as a contractor to complete the interior buildout for the new owner. This property is situated within an Opportunity Zone and Enterprise Zone, and is part of the Perkins Somerset Oldtown Transformation District. The C-2 zoning allows for a variety of uses, including retail, residential, and office spaces, offering significant flexibility for future development. The asking price is $490,000. This is a rare chance to acquire a building in a prime location at an affordable price, allowing for complete customization to suit your business requirements.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
The Terry Tots
Daycare Center
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.6032505
- Latitude
- 39.2969318
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FAQs
What type of property is this?
Retail property - Baltimore Retail Space - Value-Add Opportunity
Where is this retail property located?
The property is located at 538 Old Town Mall Baltimore, MD.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Value-add opportunity for owner-users or investors.; Located in an Opportunity Zone and Enterprise Zone, within the Perkins Somerset Oldtown Transformation District.; 6,144 square foot retail building, ready for interior build-out.
