Hello real estate enthusiasts, looking for a low maintenance investment? Raw land may be just the ticket. For your consideration, Tranzon Fox has 30+ acres of residential development land in Randallstown Maryland to be sold at auction Thursday December 11, 2014
Welcome to 7525 - 7545 Windsor Mill Rd. This property includes 12 parcels totaling 30.14+/- acres along Windsor Mill Rd and Salem Ln in Baltimore County 21133. The property is wooded and has been previously approved for construction of a church.
The front eight parcels (along Windsor Mill Rd) total approximately 3.8 acres and are zoned density residential 3.5 which permits residential development with a density of 3.5 dwelling units per acre. Other typical uses permitted by right include churches, family child care, and assisted living / convalescent homes. *Source is "A Citizen's Guide to Zoning in Baltimore County".
The rear acreage makes up the majority of the holding at over twenty-six acres. Here is a view of the property (the woods, not the field) from the tranquil Salem Ln . This portion of the property is zoned rural conservation 6 which allows for low density residential development and some special exemptions for "antique shops, bed and breakfast, camps, and golf courses".
A view of the property from Windsor Mill Rd. As a long term investment, land has been a favorite of portfolio investors for ages. But in the case of this auction I think we may have two main types of bidders in our audience: residential developers and religious organizations looking to build new houses of worship. Here's a glimpse of the community immediately across the street:
This is the Rolling Oaks development that has single family homes that have sold between $300K and $450K in the past few years. As you drive around the Windsor Mill and Randallstown communities it's evident that more infrastructure will be needed to support the business parks, schools, and houses of worship that choose to be headquartered in this popular corridor.
30 acres of residential development land for auction from Tranzon Fox.
Full details are available on the Tranzon website: http://www.tranzon.com/FX7242
or by calling 888-621-2110
Well located with easy access to both Liberty Rd and Security Blvd commercial centers.
Mark your calender for the auction on Thursday December 11, 2014 at 11am.