"Federal Hill"

Live Auction Bidders – A deposit of $50,000, payable by cashier’s check, will be required of the purchaser at time and place of sale.

Online Auction Bidders – A deposit of $50,000, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid.
Deposit Escrow Agreement

The deposit shall be increased to 10% of the purchase price by 11:00 A.M., Friday, April 10, 2026 at the Auctioneer’s office (wire or cashier’s check). A 6% buyer’s premium will be added to the final bid price. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and please see the Sample Contract.

Live Onsite & Online Simulcast Bidding
Opening Bid: $400,000

FEDERAL HILL

MIXED-USE
CORNER BUILDING
– Storefront & 3 Apartments –

Known As:
1135-1137 LIGHT STREET
Corner E. West Street
Baltimore City, Maryland 21230

VALUE-ADD OPPORTUNITY

Online Bidding Opens
WEDNESDAY, APRIL 8, 2026

Live Onsite Auction
THURSDAY, APRIL 9, 2026
AT 11:00 A.M.

NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.

GENERAL INFORMATION:
1135-1137 Light Street comprises a three story end-of-group storefront building located in the Federal Hill area of South Baltimore. The building was the long time home of an optometrist, operating on the first floor and basement, with the upper levels having been used as three apartment units for the past 30+ years. The high exposure site features approximately 10,000 cars per day AADT, in addition to a high volume of pedestrian, bike and scooter traffic. The auction provides an opportunity to purchase a value-add asset with ample income potential in one of Baltimore’s most famous neighborhoods.

LOCATION:
The property is located at the intersection of Light Street and E. West Street at the edge of the Federal Hill and Riverside neighborhoods in South Baltimore. World famous Cross Street Market is located one block north. The area is an historic community with recognizable Federal-style architecture and a robust entertainment district. The neighborhood is well known to Baltimore residents of and visitors alike, sitting in close proximity to Downtown, Oriole Park at Camden Yards, M&T Bank Stadium, the Inner Harbor and much more. Federal Hill Park, Rash Field, Riverside Park and the Baltimore Waterfront Promenade are all nearby.

The property sits at a signalized intersection in Federal Hill’s “Main Street” district. An abundant number of restaurants, retail storefronts and community businesses are all in the immediate area. According to MDOT transportation statistics, 9,475 cars per day (AADT) pass the site. The Light Street corridor is also frequented by a significant number of cyclists, scooter riders and pedestrians. Light Street is a major artery in the area, and other major commuter routes are in close proximity, including I-95, I-395, MD-295, Hanover Street (MD-2) and Charles Street. Public transportation, including metro bus service, university shuttle service, light rail and MARC train service are all within the neighborhood.

For more information about the area, please visit:
Live Baltimore – livebaltimore.com
CoDeMap – cels.baltimorehousing.org
CityView Map – cityview.baltimorecity.gov

SITE:
Lot size: 0.051 acre, more or less, according to public tax records

The lot fronts 33′ on Light Street with depths of approximately 66.75′

Plat

Satellite/GIS Map

ZONING:
C-1 – According to the Baltimore City Zoning District Summary, the C-1 district, “Commercial clusters or pedestrian-oriented corridors of commercial uses that serve the immediate neighborhood. Ensures compatibility between neighboring residential and commercial uses.”

See deed for use restrictions.

For more information about zoning, please visit:
Department of Planning – www.baltimorecity.gov

Zoning Map

IMPROVEMENTS & UNIT DESCRIPTIONS:
Three story brick end-of-group storefront building – constructed in 1920 and containing 5,949 square feet of gross building area, according to public tax records. The building is arranged as a commercial storefront on the first floor with dry storage and mechanicals in the basement. The second and third floors are arranged as three dwelling units. Flat membrane roof (2019). Mixed windows.

Storefront – Retail showroom area, two private offices, utility area, two powder rooms. Interior finishes are subfloor, drop ceiling and drywall. Gas forced air heat and CAC (2019). Needs renovation.

Three 1-bedroom apartments, separately metered, with individual Daikin mini-split heating and AC units and gas hot water heaters for each unit. Mixed interior finishes. Units present a value-add opportunity. Current monthly rent of $3,900, or $46,800 per year.

See financial information section below for rent roll, lead certificates, leases and additional information.

TITLE:
The property is in fee simple and sold free and clear of liens. Deed Liber 28547, folio 322.

TAXES:
Current annual real property taxes are a total of $5,663.22 based on a full value tax assessment of $239,967.

FINANCIAL INFORMATION & LEASES:
Please complete the Waiver and Confidentiality Agreement to receive copies of rent roll, leases, and other due diligence information.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.

Live Auction Bidders – A deposit of $50,000, payable by cashier’s check, will be required of the purchaser at time and place of sale.

Online Auction Bidders – A deposit of $50,000, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid.
Deposit Escrow Agreement

The deposit shall be increased to 10% of the purchase price by 11:00 A.M., Friday, April 10, 2026 at the Auctioneer’s office (wire or cashier’s check). Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place by 5 P.M. Eastern Time on May 29, 2026. If payment of the deposit or balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the Purchaser. All adjustments, including taxes, rent, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of settlement and assumed thereafter by the Purchaser. Security deposit(s), if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing lease(s) of the tenant(s) in place, easements, agreements, restrictions or covenants of record affecting same, if any. The Property will be sold subject to Baltimore City violation notices, if any. Purchaser assumes the risk of loss from the date of contract forward. The Purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. If the Seller is unable to convey good and marketable title, the Purchaser’s sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit this sale shall be null and void and of no effect, and the Purchaser shall have no further claim against the Seller or Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the Purchaser. Time is of the essence. A 6% buyer’s premium will be added to the final bid price.