1135-1137 Light Street Listing Details & Market Data

1135 - 1137 Light Street is located in one of Baltimore City's most lively neighborhoods, Federal Hill. The buildings are situated on the corner of Light St & West St in the heart of the retail district of Federal Hill, and is only blocks away from nearby attractions, including: the Inner Harbor, Ravens Stadium, Oriole Park at Camden Yards, and the newly renovated + revitalized Cross Street Market. Federal Hill's residential market is home to a mix of apartment dwellers and quintessential single family row homes. Notable retailers + restaurants include Mother's Bar & Grill, Wayward Bar, Cross Street Market (home to 22 independent vendors), BlueMoon Cafe, Starbucks, BRD, The Choptank Fish House, & Pizza, Spoons Cafe, B'More Licks, CVS Pharmacy, Ace Hardware, The Loft, and many more. Federal Hill is known for it's game-day hangouts, vibrant nightlife with live music in many of the local establishments, and a highly sought after sub-market for it's everyday live and play necessities. The property's location allows residents and visitors to park in the nearby West Street Parking Garage, and is conveniently located 6 minutes from I-95 and I-395, and only 10 minutes from I-83. When traveling between the Inner Harbor and I-95, this location provides the subject property with excellent visibility. This is a relatively high income area with a median household income of $85,310, which is 65% higher than the median HH income for Baltimore City.**JANUARY 2024 UPDATE: ALL APARTMENTS (3) ARE NOW LEASED ABOVE RETAIL. ANNUAL INCOME FOR APARTMENTS IS $47,100/YR. ** Brexton Commercial is pleased to exclusively represent the ownership in the sale of 1135 - 1137 Light Street. This corner lot, double-wide, mixed-use offering is a rare find in the Federal Hill neighborhood. The first floor (now vacant) was formerly occupied by Light Street Optometry, who has owner-occupied the building since 1982. The second and third floors are comprised of three B+ apartments with large layouts, separately metered power, individual mini-split AC + heating units, in-unit water heaters, shared W/D in common area, and an abundance of natural light. 1st level has access to basement (5-6 foot ceiling - perfect for dry storage), mechanicals, and brand new HVAC compressor + AH unit (2019). **ATTN AGENTS: The adjacent property, 1133 Light Street, is also for sale by a different broker, and potentially provides a strong development opportunity, with C-1 zoning, allowing for new construction up to 60 feet high.**2,000 SF of ground floor retail space on the corner of Light St. & West St. Storefront windows line the entire corner of the building, great for visibility. Former Optometrist office - underlying zoning allows for numerous amounts of retail uses. Features two restrooms, showroom, 2 offices, 2 exam rooms, small laboratory with plumbing, and interior basement access great for storage. New HVAC system installed in retail unit in 2019 (3-phase electricity).