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$1,900,000
662 Days On Site

1810 LANDRAKE ROAD
TOWSON, MD 21204

For Sale|Commercial Sale|Active
0
Beds
11
Total Baths
10,884
SqFt
$175
/SqFt
1902
Built
Subdivision:
RIDERWOOD
County:
BALTIMORE
Listing courtesy of Ghimire Homes

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1810 LANDRAKE ROAD1810 LANDRAKE ROAD1810 LANDRAKE ROAD1810 LANDRAKE ROAD
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*** 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.

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Listing Snapshot
Price 
$1,900,000
Days On Site 
662 Days
Bedrooms 
N/A
Inside Area (SqFt) 
10,884 sqft
Total Baths 
11
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.35 Acres
Year Built 
1902
MLS® Number 
MDBC2101252
Status 
Active
Property Tax 
$11,871
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
13 hours agoStatus changed to Active
13 hours agoListing updated with changes from the MLS®
8 months agoPrice changed to $1,900,000
2 years agoListing first seen on site
General Features
Acres 
1.35
Parking 
Driveway
Parking Spaces 
10
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
10884
Water Source 
Public
Zoning 
R
Interior Features
Appliances 
Gas Water Heater
Cooling 
Central AirCeiling Fan(s)Window Unit(s)Electric
Heating 
Natural GasRadiant
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Exterior Features
Construction Details 
Stucco
Roof 
SlateAsphalt
Community Features
Accessibility Features 
Accessible Full BathAccessible Elevator Installed
School District 
BALTIMORE COUNTY PUBLIC SCHOOLS
Schools
School District
BALTIMORE COUNTY PUBLIC SCHOOLS
Elementary School
RIDERWOOD
Middle School
DUMBARTON
High School
Unknown
Listing courtesy of Ghimire Homes



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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