581 Old Town Mall

581 Old Town Mall, Baltimore, MD 21202

  • For Sale $250,000
  • Property Type Office - General Office
  • Property Size 1,908 SF
  • Units 1
  • Lot Size 0.02 Acre
  • 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. First floor, second generation restaurant space is available for lease. The second and third floor will require renovation. 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 1,908 sf (1st & 2nd Floors are 828 sf)
  • Zoned C-2, allows retail, residential and office uses

Contacts

broker

Leo M. McDermott

Trout Daniel & Associates

Location

Getting Around

  • Walk Score ®

    84/100 Very Walkable

  • Transit Score ®

    98/100 Rider's Paradise

  • Bike Score ®

    80/100 Very Bikeable
Powered by Walk Score ®
  • City Baltimore, MD
  • Neighborhood Oldtown
  • Zip Code 21202
  • Market Baltimore

Points of Interest

  • Johns Hopkins Hospital

    0.43 miles

  • Shot Tower

    0.56 miles

  • Charles Center

    0.78 miles

  • Mount Vernon

    0.95 miles

  • Baltimore Penn Station

    1.02 miles

  • Lexington Market

    1.04 miles

  • Cultural Center

    1.07 miles

  • Baltimore Arena

    1.09 miles

  • State Center

    1.16 miles

  • Mount Royal / MICA

    1.17 miles

  • Marathon

    0.24 miles

  • BP

    0.34 miles

  • US Fuel

    0.36 miles

  • Front Street Fuel Station (Government only)

    0.44 miles

  • Sunoco

    0.68 miles

  • Citgo

    0.73 miles

  • Mystik

    0.83 miles

  • Carroll Motor Fuels

    0.86 miles

  • Gulf

    1.10 miles

  • ChargePoint

    1.16 miles

  • Caroline Street Garage

    0.30 miles

  • McElderry Garage

    0.32 miles

  • Fayette Street Garage

    0.42 miles

  • Fallsway Impound Lot

    0.46 miles

  • Lot C

    0.47 miles

  • Lot B

    0.48 miles

  • Lot A

    0.50 miles

  • Lexington Street Garage

    0.51 miles

  • MAPS Employee Parking

    0.51 miles

  • Church Garage

    0.52 miles

  • Sleep Inn & Suites

    0.43 miles

  • Holiday Inn Express

    0.43 miles

  • 1840s Carrollton Inn

    0.60 miles

  • Residence Inn

    0.61 miles

  • Midtown Inn

    0.63 miles

  • Fairfield Inn & Suites Baltimore Downtown/Inner Harbor

    0.64 miles

  • Home2 Suites

    0.71 miles

  • The Ivy Hotel

    0.71 miles

  • Staybridge Suites

    0.71 miles

  • Ulysses

    0.73 miles

  • Burger King

    0.21 miles

  • Bmore Chicken & Grill

    0.39 miles

  • Sungs Carry Out

    0.40 miles

  • Mama Mia’s

    0.42 miles

  • The Dog House

    0.42 miles

  • Golden Star Carry Out

    0.44 miles

  • Popeyes

    0.46 miles

  • Broadway Carry Out

    0.51 miles

  • Top Round Carry Out

    0.53 miles

  • Silver Moon II

    0.53 miles

  • Thomas G Hayes Elementary School

    0.16 miles

  • Paul Laurence Dunbar High School

    0.23 miles

  • Paul Laurence Dunbar Middle School

    0.23 miles

  • Institute of Notre Dame

    0.24 miles

  • Charles Carroll of Carrollton Elementary School

    0.25 miles

  • Saint James School

    0.35 miles

  • McKim's Free School

    0.43 miles

  • Johnston Square Elementary School

    0.44 miles

  • Saint Frances Academy

    0.46 miles

  • Community Initiatives Academy

    0.47 miles

  • All My Children Child Care Center

    0.54 miles

  • Saint Vincent de Paul Head Start

    0.70 miles

  • Charles Plaza Child Care & Development

    0.75 miles

  • Dayspring Head Start Harford Heights

    1.19 miles

  • Downtown Baltimore Child Care, Inc.

    1.27 miles

  • Bolton Hill Nursery

    1.29 miles

  • Dynamic Deliverance Childcare Center

    1.36 miles

  • Play Workz Learning Center

    1.90 miles

  • The Waverly Early Head Start Center of Goodwill

    1.93 miles

  • Kiddie Academy

    1.94 miles

Frequently Asked Questions

How much does 581 Old Town Mall cost?

The space currently listed for sale at 581 Old Town Mall asks for $250,000.

What is the total square footage of 581 Old Town Mall?

581 Old Town Mall totals 1,908 square feet.

When was this property built?

581 Old Town Mall was built in 1920.

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Contact Listing Broker

broker

Leo M. McDermott

Trout Daniel & Associates