For Sale $300,000
Property Type Office - General Office
Property Size 2,522 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 2-story structure was built in 1920 and has been completely renovated with new mechanical, electrical and plumbing. The building’s brick exterior has been re-pointed and the roof is in good shape. 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

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

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 2,522 sf
Zoned C-2, allows retail, residential and office uses

Contacts

Leo M. McDermott

Trout Daniel & Associates

(202) 744-6910

Location

Getting Around

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

Map
Street

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

Sleep Inn & Suites Downtown Inner Harbor, MD

0.37 miles
Holiday Inn Express

0.38 miles
1840s Carrollton Inn

0.57 miles
Fairfield Inn & Suites Baltimore Downtown/Inner Harbor

0.61 miles
Home2 Suites

0.65 miles
Staybridge Suites

0.67 miles
Residence Inn by Marriott Baltimore at The Johns Hopkins Medical Campus

0.67 miles
Embassy Suites

0.68 miles
The Ivy Hotel

0.68 miles
Quality Inn

0.73 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

Frequently Asked Questions

What is the lease rate for 554 Old Town Mall?

Rental asking rate at 554 Old Town Mall is $150,000.00/YR.

What is the total square footage of 554 Old Town Mall?

554 Old Town Mall totals 2,522 square feet.

When was this property built?

554 Old Town Mall was built in 1920.

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