Listing Summary
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.
Full Description
Prime Opportunity Zone Investment: 2,522 SF Renovated Office Building in Perkins Somerset Oldtown
The Opportunity: A Renovated Canvas in a Transforming District
Positioned at the intersection of history and modern growth, this 2,522-square-foot executive office building offers an exceptional value-add opportunity for an owner-user or a strategic investor. Originally constructed in 1920, this two-story structure has been thoughtfully updated to meet modern standards while maintaining its classic architectural appeal.
Located within the prestigious Perkins Somerset Oldtown (PSO) Transformation District, this property is at the heart of a massive urban renewal initiative. Investors can take full advantage of significant financial incentives, as the building is situated within both a federal Opportunity Zone and a local Enterprise Zone, providing a pathway for substantial tax credits and capital gains benefits.
Comprehensive Modernization & Structural Integrity
Unlike many historic properties that require a "ground-up" overhaul, the essential heavy lifting has already been completed here. This building is ready for your finishing touches, boasting major upgrades to its core infrastructure:
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System Overhaul: The property has been completely updated with brand-new mechanical, electrical, and plumbing (MEP) systems, ensuring long-term operational efficiency and safety.
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Building Envelope: The signature brick exterior has been meticulously re-pointed, preserving the building’s 1920s charm and structural longevity.
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Roofing: The roof is in good shape, providing a secure, weather-tight environment for your future interior buildout.
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Interior Flexibility: The interior is currently in a clean condition, allowing the new owner to skip the demolition phase and move directly into custom interior design and branding.
Zoning Versatility & Strategic Location
With a flexible C-2 (Community Commercial) zoning designation, the property supports a wide range of creative and professional uses. Whether you are looking to establish a flagship executive suite, a boutique retail storefront, or a creative studio, the zoning allows for:
The PSO Transformation District is currently seeing a surge in public and private investment, making this an ideal time to purchase a standalone building at an affordable price point before the area's appreciation reaches its peak.
Investment Highlights
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Owner-User Advantage: Stop paying rent and build equity in a standalone building customized to your business needs.
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Strategic Incentives: Fully eligible for Opportunity Zone and Enterprise Zone tax benefits.
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Modern Infrastructure: New HVAC, plumbing, and electrical systems significantly reduce future CAPEX.
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Prime Footprint: 2,522 SF of total space across two functional levels.
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Blank Canvas: Shell condition interior allows for bespoke floor plans—from open-concept tech hubs to traditional partitioned offices.
Property Specifications
| Feature |
Details |
| Total Square Footage |
2,522 SF |
| Property Type |
Office / Executive Office / Retail |
| Year Built |
1920 (Major Renovations Recently Completed) |
| Stories |
2 |
| Zoning |
C-2 (Commercial / Office / Residential) |
| Mechanicals |
New MEP (Mechanical, Electrical, Plumbing) |
| Districts |
Opportunity Zone, Enterprise Zone, PSO District |
This is a rare chance to own a modern-ready building in one of the city's most incentivized growth corridors. Secure your place in the Perkins Somerset Oldtown Transformation District and design a space that truly reflects your professional vision.
Quick Glance
- Listing ID:
CL-Maryland-27550
- Status:
Active
- Year Build:
1920
- Building Size:
2,522 SqFt
- Lot Size:
N/A