10 Light StBaltimore, MD 21202

Property Details for 10 Light St

Year built

1929

Construction

BRICK

Lot size

0.50 AC

Property size (Sq ft)

435,817 SF

Zone code

C-5TO

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

04-11-0648 -005

APU

4110648005

Description

This exceptional retail and office space, located at 10 Light Street in Baltimore City's vibrant Inner Harbor, offers a unique opportunity for businesses seeking a high-visibility location. Situated within a 419-unit apartment building, this Class A property boasts 435,817 total square feet and benefits from ground-level access and high foot traffic along the bustling Light Street corridor. The building, constructed in 1929, seamlessly blends historical charm with modern architecture, creating an attractive and dynamic environment. Available spaces cater to a variety of uses, including juice bars, cafes, salons, executive office suites, standard retail, apparel stores, salon suites, spas, and professional offices. The flexible layouts, including open layouts, are designed to accommodate diverse business needs. The property is zoned C-5 and is part of the Baltimore City CBD submarket cluster. Spaces are offered on a modified gross lease basis, simplifying budgeting by combining rent and expenses into a single rate (subject to business use). This is an unparalleled opportunity to establish a thriving business in a prime Inner Harbor location. The former Under Armour retail space presents a particularly compelling opportunity. Don't miss this chance to secure your place in this dynamic urban setting.

• CAP approach

  CAP return

  Valuation

  6%

  $128,806,000

  6.5%

  $118,898,000

  7%

  $110,405,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $32,078,200

  Geo Method

  $32,078,200

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $183,003,000

  Retail / Commercial

  $95,907,300

  Mixed-Use / Specialty

  $97,192,300

  Hospitality / Lodging

  $73,425,000

  Office

  $98,309,400

  Institutional / Educational

  $101,622,000

  Multifamily

  $133,581,000

  Automotive / Energy

  $87,104,800

  Parking / Income-Based Land

  $28,451,500

  Restaurant / Food Service

  $54,022,500

  Healthcare / Senior Housing

  $98,000,600

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.2892

Longitude

-76.6141

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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