544 Old Town Mall Baltimore, MD 21202

Property Details for 544 Old Town Mall

Year built

1920

Construction

BRICK

Lot size

0.03 lot acres

Property size

3,150 SF

Zone code

C-2

Property type

Retail space

APN

05-03-1277 -023

APU

5031277023

Description

This exceptional 2,144 square foot executive office building presents a compelling value-add opportunity for owner-occupants or investors. Located at 544 Old Town Mall in Baltimore, MD 21202, this two-story, Class C building, constructed in 1920, offers significant potential. Currently zoned C-2, allowing for retail, residential, and office uses, the property boasts a strong foundation with a recently re-pointed brick exterior and a well-maintained roof. The first floor is currently leased to a restaurant generating $1,500 per month in rent plus expenses. The second floor is a blank canvas, ready for a custom interior build-out to suit your specific business needs. The seller is even willing to act as a contractor to complete the build-out for the new owner. This property is situated within an Opportunity Zone and Enterprise Zone, and benefits from its location in the Perkins Somerset Oldtown Transformation District, promising future growth and appreciation. Priced at $275,000 ($128.26 per square foot), this is a rare chance to acquire a building in a desirable location at an attractive price point, allowing for significant customization and potential for substantial return on investment. The building's shell condition provides flexibility for a variety of uses, making it an ideal investment for those seeking a unique opportunity to create their ideal workspace or build a strong rental portfolio.

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Longitude

-76.6032

Latitude

39.2971

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments