1. Maryland
2. Owings Mills
3. 11019 REISTERSTOWN ROAD

11019 REISTERSTOWN ROAD, Owings Mills, MD 21117

• 3 beds |
• 3 baths |
• 1,072 sqft

Property Description

INVESTOR ALERT! Sold as-is along with 3 adjacent properties 11015, 11017 and 11021 Reisterstown Rd. OR 2 Zoning. Will NOT be sold separately. Selling all 4 properties for $1,699,960. Incredible and rarely available opportunity for developers or long-term investors to acquire a package of four adjacent houses on a massive 3.29-acre lot with significant land value, located on the bustling Reisterstown Rd - a major thoroughfare with updated infrastructure and high traffic counts, ensuring a steady flow of potential customers and clients.  REMARKABLE DEVELOPMENT OPPORTUNITY: The excellent frontage offers high visibility and accessibility, while OR 2 Zoning allows for versatile use and development options, including professional offices, restaurants, banks, and residential units, making it ideal for developers looking to create a dynamic, multi-use space. Special exception uses permitted include hotels, health clubs, and parking structures… EXCEPTIONAL INVESTMENT OPPORTUNITY: Prime LAND with busy street frontage offers long-term value growth, while existing houses provide steady rental income to cover the cost of the initial investment, ongoing expenses, and potential improvements, making it a well-rounded and sustainable asset. All properties offered AS-IS. Buyer to verify all specifics.  Two houses (11015 and 11021) are currently rented. The tenants are on flexible month-to-month leases with no past due rent and are open to signing a new long-term lease or can move out. 11015 house was rented for six years under a government program for disabled individuals, successfully passing all inspections and being fully licensed and registered for program participation. 11019: Renovation in progress, featuring a brand new AC/heat unit with a 3-year warranty, security cameras, and two electric meters. 11017: Ready for renovation with a stabilized foundation; dry, clean, and odor-free. Convenient short proximity to FOUNDRY ROW shopping center and WEGMANS, TARGET, COSTCO, MILL STATION Shopping Center, MARRIOTT Owings Mills Metro Centre, STEVENSON University. Additionally, the nearby parks, diverse restaurants, shops, prestigious private schools, numerous new developments around, superb recreational and medical facilities make these properties highly attractive for potential residents or tenants.

Listing Status:

Active

Date Added:

October 25, 2024 at 05:00AM

Listing Office:

Taylor Properties : 3019702447

Listing Agent:

Ganna Golovata : 5616662866

MLS ID:

MDBC2110668

Interior

• Basement: Connecting Stairway
• A/C: Other
• Heating: YCentralNatural Gas
• Disability Feature: Level Entry - Main

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Ganna Golovata, Taylor Properties