The Offering

Summary

  • List Price Request for Offers
  • Product Type Raw Land
  • Lot Size 24.77 Acres
  • Zoning R2
  • Potential Zoning R22
  • By-Right Uses Single-Family Homes, Cottage Homes
  • Conditional Uses Senior Living Townhomes
  • Upzone Uses Single-Family Homes, Townhomes, & Apartments

Investment Summary

Feldman Ruel is pleased to exclusively offer for sale 24.77 acres of raw land adjacent to Queenstown Road, a rare development opportunity to acquire two sites, (15.50 acres and 9.27 acres respectively) either together or separately, within Anne Arundel County’s expanding housing market. The subject properties consist of raw land zoned R2 and is predominantly flat, with no known tidal wetlands or environmental encumbrances, offering a developer a clear and efficient path to site planning and design. This offering is situated directly off Mahogany Road and Queenstown Road, allowing for direct access and removing the need for any access easements. Under this zoning designation, the subject properties may accommodate up to 61 single family lots, 15 cottage homes per acre, or 16 back-to- back senior adult living townhomes per acre with conditional use approval. An opportunity exists for a change in zoning designation to R22 which may accommodate up to 528 single family lots, 22 regular townhomes per acre or 22 apartment units per acre. The state of Maryland has recently enacted pro-housing legislation aimed at accelerating new housing construction and enhancing investment certainty. These bills include the Maryland Housing Certainty Act, HB1216, HB894 and SB829. Queenstown Road is located less than a 15-minute drive from Baltimore/Washington International Thurgood Marshall Airport, with direct access to I-95, I-97, and MD-295.

Investment Highlights

• Strong Demand for Suburban Housing Development in Anne Arundel County

• Higher Density Achievable via Cottage Homes or Conditional Use Townhomes

• Generally Flat Topography Minimizing Site Work Timeline & Expenses
• Proximate to BWI Airport | Easy Access for International & Domestic Air Travel

• Nearby Regional Attractions Include Arundel Mills, M&T Bank Stadium & More

Listing Agents

Olawale Kusimo

Olawale Kusimo

Investment Associate
Feldman Ruel
Brandon Cardwell

Brandon Cardwell

Investment Associate
Feldman Ruel