1135-1137 Light Street, Baltimore, MD, USA

Location
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.

Sale
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 this 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, and an abundance of natural light.

The property is in ready-to-lease condition and should provide immediate cash flow for a new owner, with little effort. The surrounding neighborhood, along with developments of the nearby Port Covington project, continues to grow and develop which should have a positive impact for the future value of this property.

Additionally, there is upside in converting the upstairs apartments to Airbnbs which could significantly increase the investments NOI. The Inner Harbor and Federal Hill are both popular tourist destinations which makes 1137 Light Street's residential portion a prime candidate for Airbnb.