Welcome to a highly versatile property in Reisterstown, Maryland, zoned for both multi-family dwellings and office use. This 2,079 sq ft, two-level building, complete with a basement, offers immense potential for those looking to invest in a property that can cater to a range of future needs. With growing demand for denser housing, this property is ideally positioned for development into multi-family units while also providing the option for professional office space. The exterior includes parking for 3 or more vehicles and features space for signage on Main Street, ensuring visibility and accessibility for any future business or residential tenants. While some improvements are needed, this property presents a unique opportunity for investors or developers to capitalize on the increasing trend toward mixed-use and multi-family developments in thriving communities. Seize the potential of this prime location for the future of denser, modern housing or a flexible business space.
The median home value in Reisterstown, MD is $393,000. This is higher than the county median home value of $321,600. The national median home value is $338,100. The average price of homes sold in Reisterstown, MD is $393,000. Approximately 58.62% of Reisterstown homes are owned, compared to 36.56% rented, while 4.82% are vacant. Reisterstown real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Reisterstown real estate agent to arrange a tour today!
Reisterstown, Maryland has a population of 27,917. Reisterstown is more family-centric than the surrounding county with 31.54% of the households containing married families with children. The county average for households married with children is 28.41%.
The median household income in Reisterstown, Maryland is $73,040. The median household income for the surrounding county is $81,846 compared to the national median of $69,021. The median age of people living in Reisterstown is 39.8 years.
The average high temperature in July is 87.6 degrees, with an average low temperature in January of 23.2 degrees. The average rainfall is approximately 44.2 inches per year, with 20.4 inches of snow per year.