547 Old Town Mall Baltimore, MD 21202

Property Details for 547 Old Town Mall

Year built

1920

Construction

BRICK

Lot size

0.04 lot acres

Property size

3,465 SF

Zone code

C-2

Property type

Retail space

APN

05-02-1288 -071

APU

5021288071

Description

This 3,465 square foot executive office building in Baltimore, MD, presents a compelling value-add opportunity for owner-users or investors. Located at 547 Old Town Mall, zip code 21202, this three-story, Class C building, constructed in 1920, offers significant potential. The first floor, comprising 1,725 square feet, is currently leased to a retail tenant, providing immediate income. The upper two floors (1,740 sq ft total) have been completely gutted, ready for custom interior build-out to suit your specific needs. Recent improvements include a re-pointed brick exterior, a new roof, and a new HVAC system. The seller is even willing to act as a contractor to complete the interior build-out for the new owner. This property is situated in a prime location within the Perkins Somerset Oldtown Transformation District, benefiting from its designation as both an Opportunity Zone and an Enterprise Zone. The C-2 zoning allows for flexible use, including retail, residential, and office spaces. Priced at $295,000 ($85.14/sq ft), this is a rare chance to acquire a building in a revitalizing area at an attractive price point.

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Longitude

-76.6029

Latitude

39.2967

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments