538 Old Town Mall Baltimore, MD 21202
- Retail space
- 6,144 SF
- 0.07 lot acres
Current Use by Public Records
- The Terry Tots / Day Care Center
Property Details for 538 Old Town Mall
- Year built
- 1920
- Construction
- BRICK
- Lot size
- 0.07 lot acres
- Property size
- 6,144 SF
- Zone code
- C-2
- Property type
- Retail space
- APN
- 05-03-1277 -019
- APU
- 5031277019
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore City
- State
- Maryland
- Longitude
- -76.6033
- Latitude
- 39.297
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
