Convenient Commercial Office

581 Old Town Mall, Baltimore Maryland, 21202

Listing ID: CL-Maryland-11284 Commercial Office Condo Office
Published on: Tuesday, August 13, 2024 | Updated on: Friday, November 7, 2025

Listing 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.

Full Description

Property Description

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 re-pointed 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.

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.

Quick Glance
  • Listing ID: CL-Maryland-11284
  • Status: Active
  • Year Build: N/A
  • Building Size: N/A
  • Lot Size: N/A

Additional Links

Property Documents

Complete Details

  • Heating and Cooling: Not Specified
  • Building Class: Class C

Pricing Details

Listing Location

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