538 Old Town Mall Listing Details & Market Data

538 Old Town Mall, Baltimore, MD 21202

  • For Sale $490,000
  • Property Type Office - General Office
  • Property Size 6,144 SF
  • Units 1
  • Building Class C
  • Year Built 1920
  • Date Updated Apr 10, 2024
Located in the Perkins Somerset Oldtown Transformation District, a $1.1 billion redevelopment plan to convert over 244 urban acres into a modern community with 1,360 units of mixed-income housing, retail, large parks, public amenities, and new school. The U.S. Department of Housing and Urban Development's $30 million Choice Neighborhoods Initiative (CNI) grant was awarded in 2018. The massive redo is also supported by a $105 million tax increment financing package, approved in 2020. The massive project is being spearheaded by several developers and public agencies including Henson Development Co., Beatty Development, Cross Street Partners, McCormack Baron Salazar and the Housing Authority of Baltimore City.Value Add Opportunity for an owner-user or investor. The 3-story structure was built in 1920 and has two staircases and two entrances. The first floor is leased to a child daycare for $2,000/month, plus expenses. The two upper floors have been gutted and are ready for new interior construction. The building’s brick exterior has been re-pointed and the roof is in good shape. Seller is willing to complete the interior buildout as a contractor for the new owner. This is a chance to purchase your own building at an affordable price and complete the interior design based on your business needs.

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Attachments

Highlights

  • Value-Add Investment Opportunity For Owner-User or Investor
  • Located in an Opportunity Zone & Enterprise Zone
  • Located in the Perkins Somerset Oldtown Transformation District
  • Retail Building In Shell Condition – Ready for Interior Buildout
  • Total Building Size is 6,144 sf
  • Zoned C-2, allows retail, residential and office uses

Contacts

broker

Leo M. McDermott

Trout Daniel & Associates

(202) 744-6910

Location

Getting Around

  • Walk Score ®

    Very Walkable (83)

  • Transit Score ®

    Rider's Paradise (98)

  • Bike Score ®

    Very Bikeable (81)
Powered by Walk Score ®
  • City Baltimore, MD
  • Neighborhood Oldtown
  • Zip Code 21202
  • Market Baltimore

Points of Interest

  • Johns Hopkins Hospital

    0.49 miles

  • Shot Tower

    0.50 miles

  • Shot Tower/Market Place

    0.50 miles

  • Charles Center

    0.72 miles

  • Centre Street

    0.89 miles

  • Lexington Market

    0.94 miles

  • Baltimore Penn Station

    0.98 miles

  • Lexington Market

    0.99 miles

  • Cultural Center

    1.03 miles

  • Baltimore Arena

    1.04 miles

  • BP

    0.35 miles

  • Sunoco

    0.73 miles

  • Citgo

    0.78 miles

  • Mystik

    0.82 miles

  • BP

    0.84 miles

  • Gulf

    1.04 miles

  • Carroll Motor Fuels

    1.04 miles

  • ChargePoint

    1.11 miles

  • Exxon

    1.12 miles

  • Marathon

    1.14 miles

  • Caroline Street Garage

    0.35 miles

  • McElderry Garage

    0.37 miles

  • Fayette Street Garage

    0.40 miles

  • Fallsway Impound Lot

    0.41 miles

  • Lot C

    0.42 miles

  • Lot B

    0.43 miles

  • MAPS Employee Parking

    0.45 miles

  • Lexington Street Garage

    0.46 miles

  • Lot A

    0.46 miles

  • SP+

    0.48 miles

  • Burger King

    0.22 miles

  • The Dog House

    0.37 miles

  • Bmore Chicken & Grill

    0.38 miles

  • Golden Star Carry Out

    0.38 miles

  • Sungs Carry Out

    0.39 miles

  • Mama Mia’s

    0.47 miles

  • Dunkin'

    0.49 miles

  • Top Round Carry Out

    0.49 miles

  • Silver Moon II

    0.50 miles

  • Popeyes

    0.50 miles

  • Thomas G Hayes Elementary School

    0.21 miles

  • Charles Carroll of Carrollton Elementary School

    0.26 miles

  • Paul Laurence Dunbar High School

    0.26 miles

  • Paul Laurence Dunbar Middle School

    0.28 miles

  • Institute of Notre Dame

    0.28 miles

  • Saint James School

    0.39 miles

  • McKim's Free School

    0.41 miles

  • Saint Frances Academy

    0.45 miles

  • Johnston Square Elementary School

    0.45 miles

  • Community Initiatives Academy

    0.51 miles

  • All My Children Child Care Center

    0.50 miles

  • Charles Plaza Child Care & Development

    0.70 miles

  • Saint Vincent de Paul Head Start

    0.74 miles

  • Downtown Baltimore Child Care, Inc.

    1.21 miles

  • Headstart, Harford Elementary School Modular

    1.23 miles

  • Bolton Hill Nursery

    1.26 miles

  • Dynamic Deliverance Childcare Center

    1.42 miles

  • Kiddie Academy

    1.93 miles

  • Bright Beginnings

    2.25 miles

  • Homewood Early Learning Center

    2.33 miles

Contact Listing Broker

broker

Leo M. McDermott

Trout Daniel & Associates

(202) 744-6910