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
Waterfront N
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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