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Property profile & analytics
FOR SALE
Retail space

544 Old Town Mall Baltimore, MD 21202

3,150 SF 0.03 ac lot Built 1920
Entity Owned 7-yr Hold Free & Clear
Property ID
US40-0752638
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Construction BRICK
Total area 3,150 SF
Lot 0.03 ac (1,501 SF)
Zoning code C-2
APN 05-03-1277 -023
UPID US40-0752638
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • BTM Limited (Bike/Boat/Book/etc) Store Agricultural Supply
  • Salon Charm'D Hair Salon
  • Big Mama's Heart & Soul Restaurant
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
by Request
Owner & transaction history
581 Oldtown Mall LLC · 7 yrs held
581 Oldtown Mall LLC
since 2019
1 recorded transaction
2019
$30,000
Zoning & alternative use
C-2 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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