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582 Old Town Mall Baltimore, MD 21202
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582 Old Town Mall Baltimore, MD 21202


  • Retail space
  • 2,537 SF
  • 0.06 lot acres
Renovated Restaurant Building For Sale For Sale
$350,000
2,537 SF

Renovated Restaurant Building For Sale

Renovated restaurant building with mezzanine, ideal for owner-user or investor.

582 Old Town Mall, Baltimore, MD 21202
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Property ID
US40-1037282
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • One Stop Mini Mart LLC. / Grocery & Convenience Store
  • Cultural yard / Restaurant

Property Details for 582 Old Town Mall

Year built
1920
Construction
BRICK
Lot size
0.06 lot acres
Property size
2,537 SF
Zone code
C-2
Property type
Retail space
APN
05-03-1277 -043
APU
5031277043

Description

This exceptional value-add investment opportunity presents a 2,537 square foot executive office building located at 582 Old Town Mall in Baltimore, Maryland, 21202. The single-story structure, built in 1920 and featuring a mezzanine, is currently in shell condition, offering a blank canvas for a complete interior build-out to suit your specific business needs. Previously configured as a restaurant, the property boasts a newly renovated interior, a new HVAC system, and a well-maintained roof. The building is zoned C-2, allowing for versatile uses including retail, residential, and office spaces. This presents a unique chance for owner-occupancy or investment, particularly attractive due to its location within both an Opportunity Zone and an Enterprise Zone, and its placement in the Perkins Somerset Oldtown Transformation District. The asking price is $350,000, translating to $137.96 per square foot. A liquor license may be available, adding further potential value. This property offers a rare chance to acquire a building at an affordable price point and customize the interior to perfectly match your business requirements. The building's size is 2,537 square feet.


Value Estimations

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Location Insight

  • Map
  • Local Demand
City
Baltimore
County
Baltimore City
State
Maryland
Longitude
-76.6024
Latitude
39.2976
CBSA code
12580
CBSA name
BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,281
$0.00
$0.00
$54,300
-
$21,800
$36,100
$57,900
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