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00 Mountain Rd - APPROVED ASSISTED LIVING DEVELOPMENT OPPORTUN 4.89 Acres of Commercial Land Offered at $3,850,000 in Pasadena, MD 21122
INVESTMENT HIGHLIGHTS
- Located just minutes away from the University of Maryland Baltimore Washington Medical Center.
- Pasadena, MD is an established waterfront bedroom community.
- Provides easy access for residents to outside medical care.
EXECUTIVE SUMMARY
Price: Three Million Eight Hundred Fifty Thousand Dollars ($3,850,000)
Deposit: Posted at effective date, non-refundable at expiration of feasibility period
Feasibility Period: 45 days suggested
Terms: Closing 60 days from conclusion of feasibility period
PROPERTY FACTS Under Contract
| Price | $3,850,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units - Senior |
| No. Lots | 1 | Total Lot Size | 4.89 AC |
| Property Type | Land | Cross Streets | Edwin Raynor Blvd |
| Zoning | R5 - Residential | ||
| Price | $3,850,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units - Senior |
| Total Lot Size | 4.89 AC |
| Cross Streets | Edwin Raynor Blvd |
| Zoning | R5 - Residential |
1 LOT AVAILABLE
Lot
| Price | $3,850,000 | Lot Size | 4.89 AC |
| Price Per AC | $787,321.06 |
| Price | $3,850,000 |
| Price Per AC | $787,321.06 |
| Lot Size | 4.89 AC |
The Mountain Road AL property is ideally located just minutes away from the University of MD Baltimore Washington Medical Center, providing easy access for residents to outside medical care. Pasadena, MD is an established waterfront bedroom comm
DESCRIPTION
Comprising just under 5 acres located right off of Route 100 and Mountain Road in the heart of Pasdena, MD, the Mountain Road assisted living property presents a unique opportunity to purchase and develop an approved site in supply constrained Anne Arundel County. Pasadena, MD is an established and aging community and this site enjoys a prominent location at the signalized intersection of Edwin Raynor Blvd and Mountain Rd. The 140 unit assisted living use is approved through a special exception, providing the opportunity for a developer to pick up the entitlement process at the final stages avoiding significant expense and risk in the process. The Mountain Road AL property is ideally located just minutes away from the University of Maryland Baltimore Washington Medical Center, providing easy access for residents to outside medical care. Pasadena, MD is an established waterfront bedroom community and current working age residents enjoy the Chesapeake lifestyle with convenient access to employment around Baltimore, Washington, Columbia and Fort Meade.
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00 Mountain Rd - APPROVED ASSISTED LIVING DEVELOPMENT OPPORTUN
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