Contacts

Leo M. McDermott

Trout Daniel & Associates

Property Details

Property Type Office - General Office
Property Size 3,465 SF
Units 1
Additional Rent Contact for pricing
Building Class C
Year Built 1920
Date Updated Dec 2, 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. The first floor of 1,725 square feet is leased to a retail tenant. The two upper floors of 1,740 square feet have been gutted and are ready for new interior construction. The building’s brick exterior has been re-pointed and the roof and HVAC are new. 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 3,465 sf
Zoned C-2, allows retail, residential and office uses

Attachments

547 Old Town Mall - Sale Brochure (PDF) opens in new window

Getting around

83/100
Walk Score ®
98/100
Transit Score ®
81/100
Bike Score ®

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

0.52 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.