Contacts

Leo M. McDermott

Trout Daniel & Associates

(202) 744-6910

Property Details

Property Type Office - General Office
Property Size 6,794 SF
Lot Size 0.08 Acre
Building Class C
Year Built 1920
Date Updated Mar 9, 2024

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.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.

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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

Attachments

559-561_Old_Town_Mall_-_Sale_Brochure.pdf (PDF) opens in new window

Getting around

84/100
Walk Score ®
98/100
Transit Score ®
80/100
Bike Score ®

Powered by Walk Score ®

City Baltimore, MD
Neighborhood Oldtown
Zip Code 21202
Market Baltimore

Points of Interest

Johns Hopkins Hospital

0.45 miles
Shot Tower

0.50 miles
Shot Tower/Market Place

0.51 miles
Charles Center

0.75 miles
Centre Street

0.93 miles
Lexington Market

0.97 miles
Baltimore Penn Station

1.02 miles
Lexington Market

1.02 miles
Baltimore Arena

1.06 miles
Cultural Center

1.07 miles

BP

0.32 miles
Sunoco

0.69 miles
Citgo

0.74 miles
Mystik

0.80 miles
BP

0.88 miles
Carroll Motor Fuels

1.05 miles
Gulf

1.08 miles
ChargePoint

1.14 miles
Exxon

1.15 miles
Marathon

1.17 miles

Caroline Street Garage

0.31 miles
McElderry Garage

0.33 miles
Fayette Street Garage

0.39 miles
Fallsway Impound Lot

0.44 miles
Lot C

0.45 miles
Lot B

0.47 miles
Lexington Street Garage

0.48 miles
MAPS Employee Parking

0.48 miles
Lot A

0.50 miles
Church Garage

0.50 miles

Sleep Inn & Suites Downtown Inner Harbor, MD

0.39 miles
Holiday Inn Express

0.40 miles
1840s Carrollton Inn

0.57 miles
Fairfield Inn & Suites Baltimore Downtown/Inner Harbor

0.61 miles
Residence Inn by Marriott Baltimore at The Johns Hopkins Medical Campus

0.64 miles
Staybridge Suites

0.68 miles
Home2 Suites

0.69 miles
Embassy Suites

0.71 miles
The Ivy Hotel

0.72 miles
Quality Inn

0.75 miles

OK Market & Deli

0.59 miles
Streets Market & Cafe

0.77 miles
Charles Plaza

0.78 miles
Eddie's of Mount Vernon

0.81 miles
The Gallery at Harborplace

0.82 miles
Pratt Street Pavilion (Harbor Place)

0.86 miles
Penny Saver Grocery

0.90 miles
Light Street Pavilion (Harbor Place)

0.98 miles
Whole Foods Market

1.00 miles
Save-A-Lot

1.12 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

559-561 Old Town Mall