$550,000
$595,000
7.6%For more information regarding the value of a property, please contact us for a free consultation.
3,713 SqFt
SOLD DATE : 04/15/2024
Key Details
Sold Price $550,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,713 sqft
Price per Sqft $148
Subdivision Federal Hill Historic District
MLS Listing ID MDBA2113060
Sold Date 04/15/24
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $10,316
Tax Year 2023
Lot Size 975 Sqft
Acres 0.02
Property Description
Fully renovated, with updated mechanical systems and a sprinkler system, this 2-unit property currently houses office space on the first and second floors and an apartment on the third floor. The current zoning allows for the second-floor office space to be converted into an additional apartment without any parking requirements, thanks to the C-1 zoning. The property includes a rooftop deck with fantastic views of M&T Bank Stadium, appealing to residents in Federal Hill with that Purple Pride. Additionally, its prominent glass storefront along a busy street in Federal Hill is perfect for office and retail tenants seeking visibility and exposure in this vibrant neighborhood. This property could appeal to an owner-occupant commercial user or a DIY-er looking to build equity in a mixed-use investment. Layout: Two-story office/retail space with finished basement and utility room
One-story, one-bedroom with rooftop deck
Potential to easily convert second-floor office space to dwelling unit for highest and best use
The commercial space exudes bright natural light, featuring gleaming hardwood floors throughout both the first and second floors, along with a finished basement that offers extra usable space. You’ll find a convenient half bath on both the first floor and the basement. With charming exposed brick walls, spacious staircases, recessed lighting, and elegant crown moldings, this office/retail space is truly turnkey.
Moving up to the third-floor apartment, you’ll discover the same high-end finishes. The kitchen boasts wood shaker cabinets, granite countertops, and a complete stainless-steel kitchen suite, including a French Door refrigerator, dishwasher, garbage disposal, and over-the-range microwave. The bathroom is adorned with a modern vanity, a vinyl tub with marble tile surround, and matching marble flooring. The inclusion of a stacked washer and dryer adds extra value for residential tenants.
Furthermore, the rooftop deck offers breathtaking, almost panoramic views of southern Baltimore City. To maximize your long-term investment, consider converting the second floor into a second apartment—an economically wise choice, with an estimated cost of less than $50,000. Given the building’s ample width and depth, adding a kitchen, full bath, and HVAC is entirely feasible. Don’t miss this opportunity to unlock the full potential of this property. This Federal Hill mixed-use building meets all current building codes and standards. The storefront window is wooden per historical architectural preservation guidelines, but all other windows have been upgraded to double-hung vinyl replacement, creating energy savings for tenants and allowing for easy turnover when lead testing is performed between residential tenancies. The office is served by a 90% gas-fired furnace and central air conditioning; the apartment has an electric heat pump with central air conditioning. The first floor, second floor and basement are on one electric meter; the third-floor apartment is on a separate electric meter. With 200 amps feeding the building, an electrical service upgrade would not be necessary. One gas meter serves the property, and the converted dwelling unit could be fed by electric or gas as for heating and or cooking fuel. 1133 Light Street meets the latest fire code with a full sprinkler system. Located 1 short block to the Cross Street Market, a “beloved landmark, culinary destination and cherished gathering place that continues to etch its place in the hearts of locals and victors alike.” Neighborhood bars and restaurants add to the nightlife that Federal Hill is known for, including the original Ropewalk Tavern and Magerks. Orioles Gamedays and football Sundays keep the streets filled with fans and energy. With easy access to I-95 and 295, traveling to points north and south is a breeze. The Inner Harbor is within walking distance, and Penn Station, with Amtrak and Marc hubs, offer commuter friendly options to New York and W
Location
State MD
County Baltimore City
Zoning C-1
Interior
Hot Water Electric
Cooling Central A/C
Heat Source Natural Gas, Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0324020951 050
Ownership Ground Rent
SqFt Source Estimated
Special Listing Condition Standard
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4221 Forbes Blvd, Suite 240, Lanham, MD, 20706, United States