1135 LIGHT St, Baltimore, MD 21230

Located in the Federal Hill area of South Baltimore, the three-story end-of-group storefront building at 1135-1137 Light Street offers a value-add asset with income potential. Constructed in 1920, the building contains 5,949 square feet of gross building area. The property features a commercial storefront on the first floor, with dry storage and mechanicals in the basement. The second and third floors are arranged as three dwelling units: one 2-bedroom apartment and two 1-bedroom apartments. The apartments are separately metered and feature individual Daikin mini-split heating and AC units, as well as gas hot water heaters. The storefront includes a retail showroom area, two private offices, a utility area, and two powder rooms. It has gas forced air heat and CAC installed in 2019, along with a gas-fired hot water boiler servicing the first and second floors. The storefront is currently vacant and offers owner-occupant or rental potential. The building has a flat membrane roof installed in 2019 and mixed windows. The property experiences a high volume of pedestrian, bike, and scooter traffic, with approximately 10,000 cars per day AADT. The building was formerly occupied by an optometrist on the first floor and basement, with the upper levels used as apartments for over 30 years. The apartments present a value-add opportunity. The current monthly rent is $3,900, or $46,800 per year.