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    582 Old Town Mall Baltimore, MD 21202

    Sponsored
    For Sale
    $350,000

    2,537 SF Value-Add Office in Baltimore

    Property size:
    2,537 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional value-add investment opportunity presents a 2,537 square foot executive office building located at 582 Old Town Mall in Baltimore, Maryland, 21202. The single-story structure, built in 1920 and featuring a mezzanine, is currently in shell condition, offering a blank canvas for a complete interior build-out to suit your specific business needs. Previously configured as a restaurant, the property boasts a newly renovated interior, a new HVAC system, and a well-maintained roof. The building is zoned C-2, allowing for versatile uses including retail, residential, and office spaces. This presents a unique chance for owner-occupancy or investment, particularly attractive due to its location within both an Opportunity Zone and an Enterprise Zone, and its placement in the Perkins Somerset Oldtown Transformation District. The asking price is $350,000, translating to $137.96 per square foot. A liquor license may be available, adding further potential value. This property offers a rare chance to acquire a building at an affordable price point and customize the interior to perfectly match your business requirements. The building's size is 2,537 square feet.

    Property Features for 582 Old Town Mall

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,537 SF
    Class
    C

    Building Details

    Year Built
    1920

    HighLights

    • $350,000 asking price for this 2,537 square foot executive office building.
    • Value‑add investment opportunity suitable for owner‑users or investors.
    • Located in a designated Opportunity Zone and Enterprise Zone, within the Perkins Somerset Oldtown Transformation District.
    • The 1920s‑era building is a shell condition, ready for interior build‑out; C‑2 zoning permits retail, residential, and office uses.
    • Building size is 2,537 square feet, priced at $137.96 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    One Stop Mini ... Convenience Store Cultural yard Jamaican 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 county
    State
    Maryland
    Longitude
    -76.6024358
    Latitude
    39.2976509

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    FAQs

    What type of property is this?
    Office Property / Space - 2,537 SF Value-Add Office in Baltimore
    Where is this office property / space located?
    The property is located at 582 Old Town Mall Baltimore, MD.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: $350,000 asking price for this 2,537 square foot executive office building.; Value-add investment opportunity suitable for owner-users or investors.; Located in a designated Opportunity Zone and Enterprise Zone, within the Perkins Somerset Oldtown Transformation District.
    (202) 744-6910
    Request Owner's contact information
    582 Old Town Mall 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
    582 Old Town Mall Baltimore, MD 21202
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