1810 Landrake Road
Towson, MD, 21204 $ 1,900,000
Bedrooms-- Baths-- Sq 10,884 Monthly Estimate*
$ 11,699
for $1,900,000. This 10,884 square foot building was built in 1902 on a lot size of 1.35.
*** Please READ entire AD prior to contacting*** Please contact ONLY if you are QUALIFIED and genuinely INTERESTED to provide feedback within 10 days of receiving financials. Executive Summary-: This is a rare opportunity to acquire a licensed Assisted Living Facility (ALF) in a highly desirable Baltimore County market. This offering is positioned for a savvy, hands-on operator or experienced healthcare investor who recognizes the true upside potential of transforming an underutilized asset into a high-performing operation. Important Note: This is NOT a fully optimized, high cash-flowing business today. Due to absentee ownership, the facility is currently operating below capacity (approx. 50% occupancy)creating a clear ADD-VALUE / PRO-FORMA opportunity for the right buyer. Value-Add Opportunity (The Upside) Total Capacity: 16 Beds | 11 Baths- Might be able to double the rooms with OHCQ and County Approval due to size of the current rooms. Current Occupancy: 50% Average Market Rate: $4,000 $7,000/month per resident (avg. $5,500) Pro-Forma Potential: Full Occupancy Revenue: 16 beds $5,500/month = $88,000/month $1,056,000 annually Projected Cash Flow: Potential to exceed $350,000+ annually with proper management, staffing, and marketing execution Bottom Line: If you have the operational expertise to increase occupancy, optimize staffing, and implement structured systems, this asset can be repositioned into a seven-figure revenue business. Property & Facility Highlights 16 Licensed Beds | 11 Bathrooms 1.4 Acres Spacious, serene setting ideal for resident care Separate Manager/Owner Residence (on-site) Elevator Access (rare & highly desirable feature) Recent Capital Improvements: Updated Electrical Systems New/Upgraded HVAC Hot Water Systems Roof Improvements Driveway Enhancements Why Assisted Living? (Market Tailwinds) Aging Population: The Baby Boomer generation is rapidly entering their 80s, driving sustained demand Regulatory Barriers: Maryland enforces strict licensing requirements, limiting new competition Enforcement Trends: Crackdowns on unlicensed facilities are increasing demand for compliant, licensed operations Recession-Resilient Industry: Needs-based services with consistent demand regardless of economic cycles Ideal Buyer Profile This opportunity is best suited for: Experienced ALF / healthcare operators Owner-operators seeking to increase occupancy and margins Investors looking for a turnaround / repositioning play Buyers who understand staffing, compliance, and census growth strategies If you are strictly seeking a passive, high cash-flowing business from Day 1, this may NOT be the right fit. If you see True Potential and are ready to execute, this is an exceptional opportunity. Confidentiality & Next Steps Proof of Funds (POF) or Lender Pre-Approval required prior to furnishing information. NDA required for detailed financials and additional disclosures Broker Disclaimer All information has been provided by the Seller and other sources deemed reliable; however, Broker has not independently verified the accuracy of such information and makes no representations or warranties, expressed or implied. Buyers are strongly advised to conduct their own independent due diligence, including verification of all financials, licenses, and property details. This is a pro-forma, value-add opportunity and projections are not guaranteed. Broker and its affiliates are not attorneys or financial advisors. All parties should consult their own professional advisors.
See more
FeaturesInteriorHeating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N Y
Total Restrooms 11
See more
GeneralSewer Public Sewer
Heating Radiator
Cooling Ceiling Fan(s) Central A/C Window Unit(s)
Possession Immediate
Roof Slate Asphalt
Zoning R
Construction Materials Stucco
Year Built 1902
Property Subtype Services
Tax Year 2024
Ownership Fee Simple
Cool Fuel Electric
Gross Income 556755.00
Business Type Other
Accessibility Elevator Ramp - Main Level Roll-in Shower
County BALTIMORE
Net Operating Income 147000.00
New Construction N
Property Type Commercial Sale
Subdivision Name RIDERWOOD
Water Access Y/N N
Status ACTIVE
Directions 695 to 45 and in about 3 miles turn right to Landdrake Rd
City TOWSON
Number Of Units Total 1
Lot Size Units Square Feet
Lot Size Square Feet 58850.00
Tax Annual Amount 11871.0
Price Per Sq Ft Total AG 174.57
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
See more
ExteriorWater Source Public
Type of Parking Driveway
Water View Y/N N
Building Area Total 10884.00
Lot Dimensions 2.00 x
Lot Size Acres 1.35
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 207000.00
Navigable Water Y/N N
Water Oriented Y/N N
See more
* Excluded FeaturesList Bynickrealtor7@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $11,699
- Monthly Property Taxes
- $989
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Towson, MD
Average List Price $901,633
Percent of Sale Price 53%
About Towson, MD 58,974 Population
13% Since 2002
$ 79,581 Median Income
33.99 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/1/2025 | $1,900,000 | -13.64% | Price Down |
| 7/4/2024 | $2,200,000 | | Listed Price |