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1135-1137 Light Street

BALTIMORE, MD 21230
  • $1,295,000
  • STATUS: Active
  • ON SITE: 89 Days
  • ID#: MDBA2045280
$1,295,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1920
County:

School Ratings & Info

Description

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 foot ceiling - perfect for dry storage), mechanicals, and brand new HVAC compressor + AH unit (2019). Pro-forma NOI is $87,371 and should provide strong cash flow with minimal effort.**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.**

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Newman Real Estate Group | Keller Williams Flagship of Maryland. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-14T07:10:17.253.
www.thinknewman.com/homes/128767721
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1135-1137 Light Street BALTIMORE, MD 21230

  • Price: $1,295,000
  • Status: Active
  • On Site: 89 Days
  • ID#: MDBA2045280
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1920
Built
County:
Baltimore City
School District:
Baltimore City Public Schools
Property Description
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 foot ceiling - perfect for dry storage), mechanicals, and brand new HVAC compressor + AH unit (2019). Pro-forma NOI is $87,371 and should provide strong cash flow with minimal effort.**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.**
Exterior Features

Construction Materials Brick Garage YN No Location Type Corner Lot/Unit Lot Features Corner Parking Types Off SiteOn Street Property Condition Good Riparian Rights YN No Roof Flat Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 5949.00 Cooling Central A/CHeat Pump(S)Ductless/Mini-Split Heating Heat Pump(S)Wall Unit Heating YN Yes Net Square Feet 5247.00 Security Features Security System

Property Features

Acceptable Financing CashConventionalContract Accessibility Features Level Entry - MainRamp - Main Level Assessment Year 2022 Business Type Other/General RetailApartment Building Central Air YN Yes Cooling Fuel Electric Cross Street West Green Remarks Baseboard Radiators Are Functional But Are Not Used. Apartment Units Are On Mini-Split Cooling + Heating. 1st Level is Hvac With Heat Pump (Installed 2019). Heating Fuel ElectricNatural Gas Available Hot Water Electric Lease Considered YN Yes Municipality Baltimore City Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 801569814950 Ownership Interest Fee Simple Possession Coin W/Sell SettImmediate Property Sub Type Mixed Use Sale Type Standard Sewer Public SewerPublic Septic Tax Annual Amount 5608.00 Tax Assessment Amount 237667.00 Tax Lot 051 Utilities Cable Tv AvailableElectric AvailableNatural Gas AvailableWater Available Vacation Rental YN No Water Source Public Zoning C-1 Zoning Description C-1. See Zoning Permitted Uses in Attachments.

Listing courtesy of Brexton Commerical, Llc.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Newman Real Estate Group | Keller Williams Flagship of Maryland. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-14T07:10:17.253.
 
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The Newman Real Estate Group | Keller Williams Flagship of Maryland
231 Najoles Rd., Suite 100
Millersville MD, 21108