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547 Old Town Mall
Baltimore, MD 21202
Retail Property For Sale
Investment Highlights
- Value-Add Opportunity for owner-user or investor
- Income in place: 1,725 SF ground-floor retail leased
- Major capital improvements completed: re-pointed brick exterior, new roof, and new HVAC
- 3-story building (1920 construction) with strong historic character
- Upside potential: 1,740 SF on upper two floors gutted and ready for buildout
- Seller flexibility: seller willing to complete interior buildout as contractor
Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,465 SF
Building Class
C
Year Built
1920
Price
$295,000
Price Per SF
$85.14
Tenancy
Single
Building Height
3 Stories
Building FAR
1.78
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial
Property Taxes
| Parcel Number | 1288-071 | Improvements Assessment | $18,000 |
| Land Assessment | $13,800 | Total Assessment | $31,800 |
Property Taxes
Parcel Number
1288-071
Land Assessment
$13,800
Improvements Assessment
$18,000
Total Assessment
$31,800
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