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529 Old Town Mall Baltimore, MD 21202

Retail space Google Maps
4,453 SF 0.04 ac lot Built 1920
Individually Owned Absentee Owner Free & Clear
Estimated value (blended)
$55k
Range $50k – $61k (±10%)
Property ID US40-0945054

Property summary

AI-generated overview

This 4,453 square foot, three-story commercial building, located at 529 Old Town Mall in Baltimore, MD 21202, presents a compelling value-add opportunity for owner-users or investors. Built in 1920, the property boasts a recently re-pointed brick exterior and a well-maintained roof. The first and second floors (1,725 sq ft each) are currently leased to an adult medical daycare company. The upper two floors have been completely gutted, providing a blank canvas for new interior construction tailored to specific business needs. The seller offers to act as a contractor to complete the interior buildout for the new owner. Situated within an Opportunity Zone and Enterprise Zone, and part of the Perkins Somerset Oldtown Transformation District, this C-2 zoned property allows for retail, residential, and office uses. The 1,725 square foot lot provides ample space. This is a chance to acquire a building at an attractive price point and customize the interior to perfectly suit your business requirements. The building's prime location and flexible zoning make it an ideal investment for those seeking a unique opportunity in a revitalizing area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Construction BRICK
Total area 4,453 SF
Lot 0.04 ac (1,725 SF)
Zoning code C-2
APN 05-02-1288 -081
UPID US40-0945054

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Adult Day Care

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$55k

Owner & transaction history

Zoning & alternative use

C-2 · Baltimore, MD
Zoning description

01 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Baltimore City Code Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Categories Specifications (Per District) C-1 C-1-VC 1 C-1-E…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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