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1810 Landrake RoadTowson, MD 21204Price: $1,900,000

  • Price: $1,900,000
  • 770 Days on Market
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Federal 30-year interest rate: 6.65% last updated on Aug 20, 2026
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1810 Landrake Road Towson MD 212041810 Landrake Road Towson MD 212041810 Landrake Road Towson MD 212041810 Landrake Road Towson MD 212041810 Landrake Road Towson MD 212041810 Landrake Road Towson MD 212041810 Landrake Road Towson MD 212041810 Landrake Road Towson MD 21204
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  • 1.35Acreage
  • 1902Year Built
  • TowsonUsmArea
  • 175Price Per Square Foot
*** 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.
Listed by Ishwar Nick Adhikari of Ghimire Homes

Driving Directions

Railey Vacations
Railey Vacations
Office: 301-387-2124
5 Vacation Way
McHenry, MD 21541

More Info

Location Information

  • UsmAreaTowson

Parking

  • Parking TypesDriveway

Basic Information

  • Date Listed07/15/2024

Location

  • Address1810 Landrake Road
  • Building Number1810
  • CountyBaltimore
  • Directions695 to 45 and in about 3 miles turn right to Landdrake Rd
  • StateMD
  • SubdivisionRiderwood
  • TownTowson
  • Zip21204

Exterior

  • RoofSlate, Asphalt

Amenities

  • Accessibility AmenitiesElevator, Ramp - Main Level, Roll-in Shower

Basic Information

  • Broker NameGhimire Homes
  • List Price$1,900,000
  • MLS NumberMDBC2101252
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot175
  • StatusACT
  • Units1

Building

  • Building Area SourceAssessor
  • Building Area Total10884
  • Construction MaterialsStucco
  • Total Garage And Parking Spaces10
  • Total Restrooms11
  • Year Built1902

Utilities

  • Central Air YNYes
  • CoolingCeiling Fan(s), Central A/C, Window Unit(s)
  • Cooling FuelElectric
  • Heat SystemRadiator
  • Heating FuelNatural Gas
  • Heating YNYes
  • SewerPublic Sewer
  • Water HeaterNatural Gas
  • Water SourcePublic

Tax Information

  • Assessment Year2024
  • County Tax$11,871
  • County Tax Payment FrequencyAnnually
  • Tax Assessment Amount$979,433
  • Tax Year2024
  • Taxes$11,871
  • Total Taxes Payment FrequencyAnnually

Property

  • Acreage1.35
  • Business TypeOther
  • Lot Dimensions SourceAssessor
  • Lot Size Dimensions2.00 x
  • Lot Size SourceAssessor
  • Lot Size Square Feet58,850
  • New Construction YNN
  • Property SubTypeServices
  • ZoningR

Other

  • Gross Income556755
  • View Count32

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Copyright 2026 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Railey Vacations participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated August 23, 2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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