11015 Reisterstown Rd, Owings Mills, MD 21117

Property Description

INVESTOR ALERT! RARE 3.29-ACRE DEVELOPMENT OPPORTUNITY | FOUR ADJACENT PROPERTIES | OR-2 ZONING | PRIME REISTERSTOWN ROAD FRONTAGE Exceptional opportunity for developers and investors to acquire FOUR CONTIGUOUS PROPERTIES totaling approximately 3.29 acres along highly traveled Reisterstown Road in Owings Mills, Maryland. PACKAGE INCLUDES: 11015, 11017, 11019 & 11021 Reisterstown Rd. ALL FOUR PROPERTIES MUST BE PURCHASED TOGETHER. NOT SOLD SEPARATELY. TOTAL: $1,299,960 Two houses were rented to tenants through a government housing program, and both properties successfully passed all required inspections. This contiguous land assemblage combines prominent road frontage, existing homes, rental income potential, and future development potential. Situated along a major commercial corridor, this property package offers high visibility, convenient access, and substantial redevelopment potential. The four-parcel package allows coordinated development planning. REMARKABLE DEVELOPMENT POTENTIAL OR-2 (OFFICE BUILDING – RESIDENTIAL) zoning permits uses allowed by right in DR-10.5, Class A and B office buildings, and accessory uses related to the principal use within a building, such as restaurants, banks, and conference facilities. Potential special-exception uses include hotels, health clubs, and parking structures, plus uses permitted by special exception in DR-10.5. All proposed uses are subject to applicable zoning requirements and approvals. Explore residential, professional office, or other zoning-compliant development concepts on approximately 3.29 contiguous acres, subject to independent feasibility review. EXCEPTIONAL INVESTMENT OPPORTUNITY INVEST TODAY. GENERATE POTENTIAL INCOME. PLAN FOR TOMORROW. Unlike vacant land, this package includes existing residential structures. Rental income may help offset holding costs while an investor considers renovations, continued leasing, or redevelopment. The combination of land, improvements, frontage, and location offers flexibility for short- and long-term strategies. FOUR PROPERTIES — ONE UNIQUE PACKAGE 11015 REISTERSTOWN RD — TENANT-OCCUPIED Previously rented for six years through a government program serving individuals with disabilities. The home passed required inspections and was licensed and registered for program participation. Currently rented month-to-month. Can be vacated prior to closing upon buyer’s request. 11017 REISTERSTOWN RD — RENOVATION OPPORTUNITY Ready for renovation, with a stabilized foundation. Interior is dry, clean, and odor-free, offering a starting point for improvements or future redevelopment. 11019 REISTERSTOWN RD — RENOVATIONS IN PROGRESS Features a brand-new heating and air-conditioning system, security cameras, and two separate electric meters. Renovation work is underway. 11021 REISTERSTOWN RD — FULLY RENOVATED 4 bedrooms / 2 baths. Features brand-new kitchen cabinets, fresh interior paint, updated bathrooms, updated deck, and new flooring throughout. PRIME OWINGS MILLS LOCATION Conveniently located near FOUNDRY ROW and WEGMANS; MILL STATION, COSTCO, and TARGET; OWINGS MILLS METRO CENTRE and MARRIOTT; STEVENSON UNIVERSITY; and numerous restaurants, shops, parks, medical facilities, schools, and employment centers. Ongoing development adds to the corridor’s appeal. FOUR ADJACENT PROPERTIES. APPROXIMATELY 3.29 ACRES. ONE OPPORTUNITY. TOTAL PACKAGE PRICE: $1,299,960. All properties sold AS-IS, together only. BUYER TO INDEPENDENTLY VERIFY ALL INFORMATION AND DETAILS, including acreage, square footage, boundaries, zoning, permitted and special-exception uses, development feasibility, utilities, permits, rental information, leases, property conditions, restrictions, and all other matters relevant to the purchase. All information is subject to buyer's independent due diligence.