538 Old Town Mall

For Sale

538 Old Town Mall, Baltimore, MD 21202

This Baltimore property for sale is located at 538 Old Town Mall. The general use of 538 Old Town Mall is office and it incorporates 6,144 square feet of class C office space. The current listed sale price for 538 Old Town Mall is $490,000.

Contacts

broker

Leo M. McDermott

Trout Daniel & Associates

Property Details

  • Property Type Office - General Office
  • Property Size 6,144 SF
  • Units 1
  • Additional Rent Contact for pricing
  • Building Class C
  • Year Built 1920
  • Date Updated Aug 27, 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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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

Attachments

Getting around

  • 83/100

    Walk Score ®

  • 98/100

    Transit Score ®

  • 81/100

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Location

  • City Baltimore, MD
  • Neighborhood Oldtown
  • Zip Code 21202
  • Market Baltimore

Points of Interest

  • Johns Hopkins Hospital

    0.49 miles

  • Shot Tower

    0.52 miles

  • Charles Center

    0.72 miles

  • Mount Vernon

    0.89 miles

  • Lexington Market

    0.99 miles

  • Baltimore Penn Station

    1.00 miles

  • Cultural Center

    1.03 miles

  • Baltimore Arena

    1.04 miles

  • State Center

    1.11 miles

  • Mount Royal / MICA

    1.15 miles

  • Marathon

    0.19 miles

  • BP

    0.35 miles

  • US Fuel

    0.38 miles

  • Front Street Fuel Station (Government only)

    0.39 miles

  • Sunoco

    0.73 miles

  • Citgo

    0.78 miles

  • Mystik

    0.82 miles

  • Carroll Motor Fuels

    0.84 miles

  • Gulf

    1.04 miles

  • ChargePoint

    1.11 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

  • Sleep Inn & Suites

    0.38 miles

  • Holiday Inn Express

    0.38 miles

  • 1840s Carrollton Inn

    0.57 miles

  • Midtown Inn

    0.58 miles

  • Fairfield Inn & Suites Baltimore Downtown/Inner Harbor

    0.61 miles

  • Home2 Suites

    0.65 miles

  • Staybridge Suites

    0.67 miles

  • Residence Inn

    0.67 miles

  • Embassy Suites

    0.68 miles

  • Ulysses

    0.68 miles

  • OK Market & Deli

    0.57 miles

  • Burlington

    0.71 miles

  • Marshalls

    0.72 miles

  • Streets Market & Cafe

    0.74 miles

  • Charles Plaza

    0.75 miles

  • Eddie's of Mount Vernon

    0.77 miles

  • The Gallery at Harborplace

    0.81 miles

  • Po Tung Oriental Grocery

    0.82 miles

  • Pratt Street Pavilion (Harbor Place)

    0.85 miles

  • Light Street Pavilion (Harbor Place)

    0.96 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Leo M. McDermott

Trout Daniel & Associates