For Sale
$1,699,960

11021 Reisterstown RdOwings Mills, MD 21117

Four houses, 3.29 acres, OR2 zoning.

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity presents a package of four adjacent properties totaling 3.29 acres on Reisterstown Road in Owings Mills, Maryland. The properties, located at 11015, 11017, 11019, and 11021 Reisterstown Road, are being sold as a package for $1,699,960. The OR2 zoning allows for versatile development options, including professional offices, restaurants, banks, and residential units. The high-traffic location offers excellent visibility and accessibility. Two of the houses are currently rented on month-to-month leases with no outstanding rent. One house has recently undergone renovations, including a new HVAC system with a three-year warranty, security cameras, and two electric meters. Another house is ready for renovation with a stable foundation. The property's proximity to Foundry Row shopping center, Wegmans, Target, Costco, Mill Station Shopping Center, Marriott Owings Mills Metro Centre, and Stevenson University adds significant value. The existing rental income provides a potential return on investment while offering significant long-term growth potential. Buyer to verify all specifics. This is a rare opportunity for developers or long-term investors seeking a substantial land holding in a prime location. Special exception uses permitted include hotels, health clubs, and parking structures.

Highlights

  • Four adjacent properties (11015, 11017, 11019, 11021 Reisterstown Rd) totaling 3.29 acres are offered for $1,699,960.
  • OR-2 zoning allows for diverse development options, including residential, commercial, and mixed-use projects.
  • Properties sold as-is; two are currently rented month-to-month.
  • 11019 features recent renovations including a new HVAC system and security cameras.
  • Excellent location near major retail centers, amenities, and transportation corridors.

Property Details for 11021 Reisterstown Rd

Property type
Retail properties, Office properties
Lot Size (sq. ft)
143,312 SF

Location Insight

City
Owings Mills
County
Baltimore
State
Maryland
Latitude
39.4306494
Longitude
-76.7934854
11021 Reisterstown Rd, Owings Mills, Maryland

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11021 Reisterstown Rd
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