11019 REISTERSTOWN ROAD, Owings Mills, MD 21117

$424,990 Asking Price

3 beds
3 baths
1,072  sqft
Built in 1960

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.

Features & Amenities

Interior

Basement:
Connecting Stairway
A/C:
Other
Heating:
Y, Central, Natural Gas
Disability Feature:
Level Entry - Main

Exterior

General:
Above Grade,Below Grade
Style:
Traditional

Construction

General:
Other, 3, Permanent

Location

Originating MLS:
BRIGHT_MAIN
School District:
BALTIMORE COUNTY PUBLIC SCHOOLS
County:
BALTIMORE

Lot

Zoning:
OR 2, 04040416015375
Current Use:
CR

Utilities

Utilities:
120/240V
Water:
Public
Sewer:
Septic Exists

Financial

Source:
BRIGHT_MAIN

This listing courtesy of:
Taylor Properties, Ganna Golovata

About Owings Mills, MD

Housing

Number of Units
26,814
Median Home Value
$338,204
Median Rent
$1,389

43.66% of housing units are renter occupied.

5.34% are vacant.

Commute

Car
59.89%
Public Transportation
5.93%
Walk to Work
1.14%
Work from Home
32.08%
Other
0.86%

The median travel time to work is 24 minutes.

People

Population
61,060
Median Age
38.70
Median Household Size
2.64

Education

High School
16.79%
Associate’s Degree
6.61%
Bachelor’s Degree
26.99%
Graduate Degree
24.36%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

Similar Homes

Message

Interested in this home?

Request more information: