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581 Old Town Mall
Baltimore, MD 21202
Retail Property For Sale
Investment Highlights
- Value-Add Opportunity – Ideal for an owner-user or investor seeking upside
- Restaurant-Ready Space – First-floor second-generation restaurant space available for lease
- Major Capital Items Addressed – Brick exterior repointed and roof in good condition
- Historic 3-Story Building – Constructed in 1920 with classic brick exterior
- Renovation Upside – Second and third floors ready for redevelopment or repositioning
- Flexible Buildout Option – 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. 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 repointed 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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
2,113 SF
Building Class
B
Year Built
1920
Price
$275,000
Price Per SF
$130.15
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.06
Lot Size
0.02 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial/ restaurant building
Property Taxes
| Parcel Number | 1288-059 | Improvements Assessment | $16,800 |
| Land Assessment | $6,600 | Total Assessment | $23,400 |
Property Taxes
Parcel Number
1288-059
Land Assessment
$6,600
Improvements Assessment
$16,800
Total Assessment
$23,400
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