544 Old Town Mall Baltimore, MD 21202
For Sale
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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.
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BTM Limited (Bike/Boat/Book/etc) Store Agricultural Supply
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Salon Charm'D Hair Salon
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Big Mama's Heart & Soul Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Baltimore, MDBaltimore. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.