Historic Mt. Vernon Retail & Executive Office Building: 10,209 SF for Sale or Lease
Baltimore, Maryland
Soft Offer581 Old Town Mall, Baltimore, Maryland 21202
1,908 SF Mixed-Use Building in Baltimore’s Transformation District is an office space for sale in Baltimore, Maryland, listed at $250,000. Key details: year built 1920, building size 1,908 sqft, lot size 0 acres, building class Class C. Listed by Leo McDermott of Tennant Commercial Advisors on LoopingCloud and last updated April 9, 2026.
Unlock the potential of this historic three-story professional building, a premier value-add opportunity perfectly suited for an ambitious owner-user or a strategic investor. Located in the heart of one of Baltimore’s most rapidly evolving neighborhoods, this 1,908-square-foot structure offers a "blank canvas" interior within a structurally sound, historically significant envelope. Built in 1920, the property combines the timeless appeal of a classic brick exterior with the flexibility of a modern shell, ready to be customized into a bespoke corporate headquarters, a retail boutique, or a creative mixed-use space.
| Feature | Detail |
| Asset Type | Office / Mixed-Use |
| Sub-Type | Executive Office / Storefront |
| Total Square Footage | 1,908 SF |
| Floor Breakdown | 1st & 2nd Floors approx. 828 SF each + 3rd Floor |
| Year Built | 1920 |
| Zoning | C-2 (Commercial - Allows Retail, Office, & Residential) |
| Lot Size | 0.020 Acres |
| Asset Class | Class C (Value-Add) |
This property is ideal for those who want to avoid the headaches of major exterior repairs while maintaining full creative control over the interior design. The heavy lifting on the building’s "bones" has already been addressed:
Restored Exterior: The classic brick masonry has been professional re-pointed, ensuring both aesthetic charm and structural longevity.
Reliable Roofing: The roof is in good condition, providing a weather-tight environment for immediate interior work.
Second-Generation Retail: The first floor is primed for a second-generation restaurant or retail storefront, offering a head start on plumbing and layout requirements.
The Upper Levels: The second and third floors are currently in shell condition, awaiting a visionary renovation to transform them into high-end executive offices or luxury urban residential units.
Unique Seller Incentive: To further streamline your project, the seller is a contractor willing to complete the interior buildout to your exact specifications, allowing you to move from purchase to operation with professional ease.
Positioned within the Perkins Somerset Oldtown (PSO) Transformation District, this property is at the epicenter of a massive urban revitalization project. Buyers can leverage significant financial advantages due to its strategic placement:
Opportunity Zone: Benefit from powerful federal tax incentives designed to encourage long-term investment in the area.
Enterprise Zone: Access local tax credits and incentives that support business growth and property improvements.
Future Growth: Being part of the PSO Transformation District ensures that the surrounding infrastructure, housing, and commercial amenities are slated for continued modern upgrades.
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $250,000 | - | - | - | - |
Address as shown by the lister.
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1,908 SF Mixed-Use Building in Baltimore’s Transformation District is listed at $250,000. That works out to about $131 per square foot.
The property is in 581 Old Town Mall, Baltimore, Maryland 21202, Baltimore City County.
This is an office space for sale in the commercial category.
The building is 1,908 sqft. The lot is 0 acres.
The lister indicates: Third Party Financing.
Leo McDermott of Tennant Commercial Advisors listed this property. Use the Request Info button to send a message or call (202) 744-6910.
It was published on April 6, 2026 and last updated on April 9, 2026.
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