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Commercial For sale Office space Office Condo

1,908 SF Mixed-Use Building in Baltimore’s Transformation District

581 Old Town Mall, Baltimore, Maryland 21202

$250,000
$131 / sq ft Listed Apr 6, 2026
1,908 sqft
Building
0 acres
Lot
1920
Built
Class C
Class

About this property

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.


Property Specifications & Zoning

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)

Structural Integrity & Customization Potential

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.


Strategic Location & Economic Incentives

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.


 

Lending Opportunities

Connect with a mortgage professional to explore financing options and see what you may qualify for.

CompanyLender typeContactPhone
TheLoanProsTeam Mortgage Broker Roxanne Chung (754) 707-5877
Money Solutions, LLC Mortgage Broker Jennifer A. Judice (813) 431-5000

Property details

Key facts

Year Built
1920
Building Size
1,908 sqft
Lot Size
0 acres
Building Class
Class C
Property Status
Normal Sale
Building Status
Existing

Pricing details

Financing
Third Party Financing
Investment Property
Active investment property

Investment snapshot

$131
Price per sq ft

Acquisition options

OptionAsking priceCap rateCommissionMonthly incomeOwnership
Purchase Only $250,000 - - - -

Features and amenities

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 1,908 sf (1st & 2nd Floors are 828 sf)
  • Zoned C-2, allows retail, residential and office uses

Location

Address as shown by the lister.

Get directions

About this area - Baltimore

Population
23,572
Housing units
9,787
Land area
1.7 sq mi
County
Baltimore City

Neighborhood

Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.

Frequently asked questions

What is the asking price of 1,908 SF Mixed-Use Building in Baltimore’s Transformation District?

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.

Where is 1,908 SF Mixed-Use Building in Baltimore’s Transformation District located?

The property is in 581 Old Town Mall, Baltimore, Maryland 21202, Baltimore City County.

What type of property is this?

This is an office space for sale in the commercial category.

How big is the property?

The building is 1,908 sqft. The lot is 0 acres.

Is financing available?

The lister indicates: Third Party Financing.

Who do I contact about this listing?

Leo McDermott of Tennant Commercial Advisors listed this property. Use the Request Info button to send a message or call (202) 744-6910.

When was this listing published?

It was published on April 6, 2026 and last updated on April 9, 2026.

Listing information

Listing ID
CL-Maryland-27544
Published
Apr 6, 2026
Last updated
Apr 9, 2026

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Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.

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