Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    1135 Light St Baltimore, MD 21230

    Sponsored
    For Sale
    $1,175,000

    Prime Baltimore location, high ROI potential.

    Property size:
    5,247 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 1135-1137 Light Street in Baltimore, Maryland, presents a compelling investment opportunity. The 5,247 square foot building, constructed in 1920, sits on a 2,195 square foot lot and is zoned C-1. Currently operating at 62% occupancy, the property features a ground floor retail/office space (formerly occupied by an optometry practice) and three residential apartments on the upper floors. The apartments are described as "B+" quality, boasting large layouts, individually metered utilities, and mini-split heating and cooling systems. The building offers a strong net operating income (NOI) of $94,359, resulting in an attractive 8.03% cap rate. The asking price is $1,175,000, translating to $223.94 per square foot. The property is a multi-tenant building with four tenants under a NNN lease structure. Its location in the desirable Federal Hill neighborhood, near the Inner Harbor and the developing Port Covington area, offers significant potential for future appreciation. The proximity to popular tourist destinations also presents an opportunity to increase NOI by converting the residential units to short-term rentals. Street parking is available, with a nearby parking garage providing additional convenience. This is a rare opportunity to acquire a well-positioned mixed-use asset in a thriving Baltimore neighborhood.

    Property Features for 1135 Light St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,247 SF

    Building Details

    Year Built
    1920

    HighLights

    • Submarket: Federal Hill
    • Cross Streets: Light & West
    • Ground Floor: Retail/Office space (formerly optometry practice)
    • Upper Floors: Three "B+" condition residential apartments with individually metered utilities and mini‑split HVAC
    • Street parking available, with nearby garage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6120222
    Latitude
    39.2761144

    Nearby Similar for Sale

    • $949,999
      6,702 SF

      Renovated Brownstone Multifamily Investment Opportunity

      Turnkey multifamily property with five luxury apartment units in Baltimore.
      2304 Eutaw Pl, Baltimore, MD 21217
      View Details
    • $800,000
      2,307 SF

      Renovated Firehouse with Two Apartments

      Completely renovated firehouse featuring two separate apartments with room to expand.
      1001 Hilltop Rd, Baltimore, MD 21226
      View Details
    • New
      $275,000
      3,256 SF

      West Arlington Multifamily Investment Opportunity

      Four-unit property in West Arlington near transportation. Investor opportunity.
      4213 Groveland Ave, Baltimore, MD 21215
      View Details
    • $300,000
      2,640 SF

      Renovated Duplex in Historic Upton

      Fully renovated duplex in Baltimore's Upton neighborhood with income potential.
      750 Dolphin St, Baltimore, MD 21217
      View Details
    • $550,000
      1,965 SF

      Federal Hill Multi-Unit Investment

      Multi-unit property in Federal Hill with income potential.
      1447 William St, Baltimore, MD 21230
      View Details
    • $864,000

      Fells Point Mixed-Use Investment

      Mixed-use property in historic Fells Point with income potential.
      827 S Bond St, Baltimore, MD 21231
      View Details
    • $1,075,000

      Renovated Multifamily in Mount Vernon

      Fully renovated six-unit property in Baltimore's Mount Vernon neighborhood.
      14 E Read St, Baltimore, MD 21202
      View Details
    • $125,000
      2,102 SF

      Versatile Baltimore Mixed-Use Building

      Spacious 4-story building in Howard Park neighborhood.
      4905 Liberty Heights Ave, Baltimore, MD 21207
      View Details
    • $775,000
      3,340 SF

      Bolton Hill Multifamily Investment Opportunity

      Multifamily property in historic Bolton Hill near universities and hospitals.
      1404 Park Ave, Baltimore, MD 21217
      View Details
    • $1,100,000
      10,966 SF

      Mount Vernon Mixed-Use Investment

      Fully occupied mixed-use building in historic Mount Vernon neighborhood.
      18 W Franklin St, Baltimore, MD 21201
      View Details
    • $750,000
      2,632 SF

      Historic Baltimore Property with Barn

      Unique property featuring a historic home and converted barn.
      337 E Hamburg St, Baltimore, MD 21230
      View Details
    • $699,900
      0.07 Acres

      Baltimore Multi-Unit Investment Property

      Five-unit property with $66,000 annual rent roll.
      1404 Madison Ave, Baltimore, MD 21217
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Prime Baltimore location, high ROI potential.
    Where is this mixed-use 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: Submarket: Federal Hill; Cross Streets: Light & West; Ground Floor: Retail/Office space (formerly optometry practice)
    Request Owner's contact information
    1135 Light St Baltimore, MD 21230
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1135 Light St
    Baltimore, MD 21230
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1135 Light St Baltimore, MD 21230
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.