11017 REISTERSTOWN RD Owings Mills, MD 21117
UPDATED:
10/25/2024 05:08 PM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,176 sqft
Price per Sqft $361
Subdivision Pleasant Hills
MLS Listing ID MDBC2110756
Style Traditional
Bedrooms 3
Full Baths 2
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 1,176
Originating Board BRIGHT
Year Built 1960
Annual Tax Amount $2,107
Tax Year 2024
Lot Size 0.757 Acres
Acres 0.76
Lot Dimensions 1.00 x
Property Description
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.
Location
State MD
County Baltimore
Zoning OR 2
Rooms
Basement Connecting Stairway
Main Level Bedrooms 1
Interior
Hot Water Natural Gas
Heating Central
Cooling Other
Furnishings No
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility Level Entry - Main
Garage N
Building
Story 3
Foundation Permanent
Sewer Septic Exists
Water Public
Architectural Style Traditional
Level or Stories 3
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District Baltimore County Public Schools
Others
Pets Allowed Y
Senior Community No
Tax ID 04040408002520
Ownership Fee Simple
SqFt Source Estimated
Horse Property N
Special Listing Condition Standard
Pets Description No Pet Restrictions
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