For Sale
$275,000

544 Old Town Mall Baltimore, MD 21202

Prime Value-Add Office in Baltimore

Overview

Added:
Dec 11, 2024
Days on market:
132
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.

Highlights

  • $275,000 asking price for this value-add office investment opportunity.
  • Located in a Baltimore Opportunity Zone and Enterprise Zone, offering potential tax benefits.
  • Situated in the Perkins Somerset Oldtown Transformation District, a rapidly developing area.
  • 2,144 square foot building, currently in shell condition, ready for tenant improvements.
  • C-2 zoning permits retail, residential, and office uses, providing flexibility.

Property Details for 544 Old Town Mall

Property type
Office properties
Square Feet
2,144 SF
Class
C
Year Built
1920
Stories
2

Location Insight

City
Baltimore
County
Baltimore
State
Maryland
Latitude
39.2970287
Longitude
-76.6032483

FAQs

What type of property is this?
Office property - Prime Value-Add Office in Baltimore
Where is the office property located?
The property is located at 544 Old Town Mall Baltimore, MD.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: $275,000 asking price for this value-add office investment opportunity.; Located in a Baltimore Opportunity Zone and Enterprise Zone, offering potential tax benefits.; Situated in the Perkins Somerset Oldtown Transformation District, a rapidly developing area.
How can I contact the broker?
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544 Old Town Mall
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