For Sale
$1,175,000

1135 Light St Baltimore, MD 21230

Prime Baltimore location, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional mixed-use property, located at 1135 Light Street in Baltimore, Maryland's vibrant Federal Hill neighborhood, presents a compelling value-add investment opportunity. The property consists of two buildings totaling 5,247 square feet situated on a 2,195 square foot corner lot. Currently featuring a mix of retail and multifamily units, the property offers significant upside potential. The ground floor, previously occupied by a long-term tenant, is currently vacant and ready for lease, offering immediate cash flow opportunities. The upper floors house three well-maintained apartments, each with separate utilities and generating a combined annual rental income of $47,100. These apartments boast large layouts, abundant natural light, and individual mini-split heating and cooling systems. The property benefits from a 75% occupancy rate and a pro-forma NOI of $87,371. Built in 1920, the property is zoned C-1, allowing for a variety of uses. Its prime location in Federal Hill, a highly sought-after area with a median household income of $85,310, provides excellent visibility and accessibility. The property is conveniently located near major highways (I-95, I-395, and I-83), the Inner Harbor, Oriole Park at Camden Yards, and Ravens Stadium, as well as numerous restaurants, shops, and entertainment venues. The current below-market rents on the apartments present a clear path to increased profitability. This is a rare opportunity to acquire a well-positioned mixed-use property in a thriving Baltimore neighborhood with substantial potential for redevelopment and increased returns.

Highlights

  • $1,175,000 asking price for a mixed-use property in Baltimore, MD.
  • Value-add investment opportunity with potential for redevelopment.
  • 5,247 square feet on a 2,195 square foot lot, with a price per square foot of $223.94.
  • Multi-tenant property with four tenants, currently at 75% occupancy.
  • Features a storefront and a four-unit apartment building, built in 1920.

Property Details for 1135 Light St

Property type
Retail properties, Office properties
Square Feet
5,247 SF
Class
B
Year Built
1920
Buildings
2
Units
4

Location Insight

City
Baltimore
County
Baltimore
State
Maryland
Latitude
39.27601057
Longitude
-76.61223001

FAQs

What type of property is this?
Retail property - Prime Baltimore location, high potential.
Where is the retail property located?
The property is located at 1135 Light St Baltimore, MD.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: $1,175,000 asking price for a mixed-use property in Baltimore, MD.; Value-add investment opportunity with potential for redevelopment.; 5,247 square feet on a 2,195 square foot lot, with a price per square foot of $223.94.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1135 Light St
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