581 Old Town Mall, Baltimore, MD 21202-4191
This 1,908-square-foot executive office building in Baltimore, MD, presents a compelling value-add opportunity for owner-users or investors. Located in the Perkins Somerset Oldtown Transformation District, within both an Opportunity Zone and Enterprise Zone, this three-story, 1920-built structure offers significant potential. The building, zoned C-2, allows for retail, residential, and office uses. The first floor features a second-generation restaurant space currently available for lease. The second and third floors require renovation, but the brick exterior has been recently re-pointed, and the roof is in good condition. The building's total size is 1,908 square feet, with each of the upper two floors comprising 828 square feet. The seller is open to acting as a contractor to complete the interior buildout for the new owner, allowing for customized design to meet specific business needs. This property offers a rare chance to acquire a building at an attractive price point in a rapidly developing area, with the flexibility to tailor the space to your exact requirements. The 0.02-acre lot is situated at 581 Old Town Mall, Baltimore, MD 21202.
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Toast Delicatessen Food Market Restaurant
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Wacky Waffles ToGo 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.