581 Old Town Mall Baltimore, MD 21202
- Turn key restaurants
- 1,908 SF
- 0.02 lot acres
Current Use by Public Records
- Toast Delicatessen / Deli
- Wacky Waffles ToGo / Breakfast Restaurant
Property Details for 581 Old Town Mall
- Year built
- 1920
- Construction
- BRICK
- Lot size
- 0.02 lot acres
- Property size
- 1,908 SF
- Zone code
- C-2
- Property type
- Turn key restaurants
- APN
- 05-02-1288 -059
- APU
- 5021288059
Description
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.
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
- -76.6023
- Latitude
- 39.2973
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
