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10802 Red Run Blvd - Red Run Corporate Park 13.58 Acres of Residential Land in Owings Mills, MD 21117
Investment Highlights
- Excellent Residential Redevelopment Opportunity in Supply Constrainted Market
- 160,000 SF+ existing office buildings
- Permitted uses include multifamily, attached residential, and senior housing
Executive Summary
Excellent Redevelopment Opportunity in Baltimore County
Recent legislation has created an opportunity to redevelop the +/-13.58 acre 10800 & 10802 Red Run Boulevard corporate park for residential uses in a fantastic Owings Mills location. The property is conveniently located near all the retail (Wegmans, Costco, Target, etc) and entertainment amenities of Owings Mills including the transit oriented, mixed-use Metro Centre. The existing corporate office campus yields a ~12.24 acre development envelope.
• 10802 Red Run Blvd (Lot 1) – 104,000 SF Building on 8.57 acres
• 10800 Red Run Blvd (Lot 2) – 59,160 SF Building on 5.01 acres
Per Bill 17-26, residential and senior housing uses are allowed by-right. Permitted residential product types includes townhomes, two over twos and multifamily apartments. In addition, senior housing options including independent, assisted living, CCRC and nursing home uses are permitted. Max density is limited by a 65’ height limit, FAR of 4.0 and 20’ building setbacks. Existing Conditions include a two vacant office buildings totaling +/- 163,000 SF along with surface parking lots (4.5: 1,000 SF ratio) and all utilities. Site is highly visible from Red Run Boulevard and I-795
Recent legislation has created an opportunity to redevelop the +/-13.58 acre 10800 & 10802 Red Run Boulevard corporate park for residential uses in a fantastic Owings Mills location. The property is conveniently located near all the retail (Wegmans, Costco, Target, etc) and entertainment amenities of Owings Mills including the transit oriented, mixed-use Metro Centre. The existing corporate office campus yields a ~12.24 acre development envelope.
• 10802 Red Run Blvd (Lot 1) – 104,000 SF Building on 8.57 acres
• 10800 Red Run Blvd (Lot 2) – 59,160 SF Building on 5.01 acres
Per Bill 17-26, residential and senior housing uses are allowed by-right. Permitted residential product types includes townhomes, two over twos and multifamily apartments. In addition, senior housing options including independent, assisted living, CCRC and nursing home uses are permitted. Max density is limited by a 65’ height limit, FAR of 4.0 and 20’ building setbacks. Existing Conditions include a two vacant office buildings totaling +/- 163,000 SF along with surface parking lots (4.5: 1,000 SF ratio) and all utilities. Site is highly visible from Red Run Boulevard and I-795
Property Facts
1 Lot Available
Lot 1 and 2
| Lot Size | 13.58 AC |
| Lot Size | 13.58 AC |
The existing corporate office campus yields a ~12.24 acre development envelope. • 10802 Red Run Blvd (Lot 1) – 104,000 SF Building on 8.57 acres • 10800 Red Run Blvd (Lot 2) – 59,160 SF Building on 5.01 acres
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
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10802 Red Run Blvd - Red Run Corporate Park
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