Published on: Friday, August 9, 2024
Updated on: Friday, August 9, 2024
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About the Lister
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Name: Leo McDermott
Company: Trout Daniel & Associates
Office Phone: 202-744-6910
Cell Phone: 202-744-6910
Provide Your Service
Financing  Business  Material
  Perkins Somerset Oldtown District Office
559-561 Old Town Mall Baltimore Maryland , 21202
559-561 Old Town Mall Baltimore Maryland                                                                                            , 21202Trout Daniel & Associates
Listing ID: CL-Maryland-11246

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Commission Split (%): 0
Quick Glance
Listing ID: CL-Maryland-11246
Status: Price not Disclosed
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1920
Building Size: 6,794.00 SqFt
Lot Size: N/A
No of Stories: N/A
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Value Add Opportunity for an owner-user or investor. The 2-story structure has been fully restored featuring a new roof, new shoring, and re-pointed brick exterior.
Complete Details
Year Build: 1920
Building Size: 6,794
No of Stories: N/A
Total Lot Area: N/A SqFt.
No of Parking: N/A
No of Total Units: N/A
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: C
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description
Property Description: Value Add Opportunity for an owner-user or investor. The 2-story structure has been fully restored featuring a new roof, new shoring, and re-pointed brick exterior. The building interior is now ready for new subflooring, and new mechanical, electrical and plumbing systems. 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. Location Description: 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.
Additional Properties
Property 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 6,794 sf (1st Floor is 3,578 sf)
  • Zoned C-2, allows retail, residential and office uses
Listing Location
Attached Documents
  • Download | Old-Town-Mall-Property-Links.pdf ( 4,692.10KB)
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