For Sale $350,000
Property Type Office - General Office
Property Size 2,537 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 1-story structure with mezzanine was built in 1920 and the interior is built-out as a restaurant. A liquor license may be available. The property has been completely renovated, featuring a new interior, new HVAC unit, and a good roof. 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 2,537 sf
Zoned C-2, allows retail, residential and office uses

Contacts

Leo M. McDermott

Trout Daniel & Associates

Location

Getting Around

Walk Score ®
83/100 Very Walkable
Transit Score ®
98/100 Rider's Paradise
Bike Score ®
81/100 Very Bikeable

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

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
Dayspring Head Start Harford Heights

1.23 miles
Bolton Hill Nursery

1.26 miles
Dynamic Deliverance Childcare Center

1.42 miles
Play Workz Learning Center

1.93 miles
Kiddie Academy

1.93 miles
The Waverly Early Head Start Center of Goodwill

1.95 miles

Frequently Asked Questions

How much does 582 Old Town Mall cost?

The space currently listed for sale at 582 Old Town Mall asks for $350,000.

What is the total square footage of 582 Old Town Mall?

582 Old Town Mall totals 2,537 square feet.

When was this property built?

582 Old Town Mall was built in 1920.

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