FOR SALE62-Lot Approved Townhouse evelopment

N Rolling Rd

FOR SALE

Baltimore County, MD

62-Lot Approved Townhouse Development

Helfrich Property | 7301 Dogwood Road | Woodlawn, Maryland 21244

Property Overview:

The property consists of 2 parcels totaling 11.47 acres. It has an approved development plan to create 62 townhouse lots. The approved plan can be built with 62 nongarage lots or 35 non-garage and 27 single garage lots. All building envelopes are 20' wide and at least 40' deep, with one exception. The development includes public water, sewer and roads.

Conditions of Sale:

Buyer will be responsible for future Phase II engineering to create construction drawings and obtain permits and record plats. Closing to occur after buyer has received full development approvals.

Dogwood Rd

SITE 11.47 ac

Johnnycake Rd

dogwood elementary school

Dogwood Rd

u.s. dept. of health & human services

Street View

John Harrington

410.494.4863 jharrington@

Robb Aumiller

410.494.4883 rjaumiller@

FOR SALE

Baltimore County, MD

Proposed Site Plan

Helfrich Property | 7301 Dogwood Road | Woodlawn, Maryland 21244

non-garage unit optional garage unit

34 35 36 37 38 39

40 41 42 43 44 45 46

47 48 49 50

51 52 53 54 55 56

57 58 59 60 61 62

33 32 31 30 29 28

27 26 25 24 23 22

21 20 19 18 17 16

15 14 13 12

12 345

6 7 8 9 10 11

N

John Harrington

410.494.4863 jharrington@

Robb Aumiller

410.494.4883 rjaumiller@

FOR SALE

Baltimore County, MD

W Monument St

Trade Area Helfrich

PPernonspyelvarntiya

| 7301

Ave

Dogwood

Paca St

Road

|

Woodlawn,

W Centre St

Maryland

21244

Dominant Lifestyles

2 mile radius

22% Bright Young Professionals

Average HH Size: 2.40 Median Age: 32.2 Median HH Income: $50,000

These young, educated, working professionals are physically active and up on the latest technology. They get most of their information from the Internet, and concern about the environment impacts their purchasing decisions.

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18% Parks and Rec

Average HH Size: 2.49 Median Age: 40.3 Median HH Income: $55,000

These practical suburbanites have achieved the dream of home ownership. Two-income married couples approaching retirement age are common, but these neighborhoods now attract a new generation of young couples.

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13% Enterprising Professionals

Average HH Size: 2.46 Median Age: 34.8 Median HH Income: $77,000

These residents are well educated and climbing the ladder in STEM (science, technology, engineering and mathematics) occupations. They strive to stay youthful and healthy, and buy name brands and trendy clothes online.

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golf course

SITE

patapsco valley state park

Boulevard Place

Dogwood Station

Meadows Park Shopping Center

Security Square

One Mile West

Pike Park Plaza

40 West Plaza

Westview

Ingleside Shopping Center

Catonsville Plaza

N

John Harrington

410.494.4863 jharrington@

Robb Aumiller

410.494.4883 rjaumiller@

FOR SALE

Baltimore County, MD

Location / Demographics

Helfrich Property | 7301 Dogwood Road | Woodlawn, Maryland 21244

Demographics

1 mile 2 miles 3 miles

Population

16,257

36,207

85,922

No. Households

6,480

14,016

32,959

Avg. HH Income $67,708 $77,375 $75,659

Daytime Employees

9,934

22,582

38,658

Retail Expenditures

1 mile 2 miles 3 miles

Furniture + Home

$6.4M

$15.7M $36.1M

Entertainment + Recreation $19.0M $47.3M $108.9M

Fashion + Clothing $14.3M $34.0M $77.5M

Food + Drink $20.1M $48.2M

$109.9M

26

randallstown

pikesville

balt. co. balt. city

helfrich property

1

2

mile

miles

woodlawn

26

3 miles

29 40

full report

ellicott city

John Harrington

410.494.4863 jharrington@

40

catonsville

N

Robb Aumiller

410.494.4883 rjaumiller@

HELFRICH PROPERTY

7301 Dogwood Road Woodlawn, Baltimore County, MD 21224

TARGETED TERMS OF SALE:

Property:

The Property consists of 2 parcels totaling 11.47 acres. It is located on Dogwood Road in the Woodlawn community of Baltimore County. Property has an approved development plan to create 62 townhouse lots. The approved plan can be built with 62 non-garage lots or 35 non-garage and 27 single garage lots. All building envelopes are 20' wide and at least 40' deep, with one exception. The development includes public water, sewer and roads.

Purchase Price:

TBD

Deposit:

5% of the Purchase Price, non-refundable at the expiration of the Study Period.

Closing Costs:

Transfer and recordation taxes to be paid by the Buyer. All real estate taxes to be prorated at settlement.

Commission:

MacKenzie Commercial Real Estate Services, LLC ("Broker") has been retained by Seller. Seller shall pay Broker a commission of 2.5% of the sale price and Buyer shall pay Broker a commission of 2.5% of the sale price at Closing.

Study Period:

60 days

Closing:

Closing to occur the sooner of a) 15 days after Buyer has obtained a grading permit or b) 6 months from the end of the Study Period.

Buyer Responsibilities: Buyer is responsible for:

? All future engineering required to obtain approved Phase II construction drawings and permits from Baltimore County, projected to take 6 months.

? Paying all open space fees in lieu, currently at $152,737, subject to change based on anticipated new County legislation

? Demolition of existing structures (vacant) and parking lot ? Abandonment of current septic system and well ? Delivering a Contract of Sale to Seller within 20 days of bid acceptance ? Assigning ownership of all work product to Seller should Buyer terminate

Soil Conditions: Other: Contact Info:

Seller will furnish its soil reports to Buyer. The site contains some areas of landfill at depths of approximately 0' to 6.5' below existing grade which should be mitigated by basement excavations. Any further soil testing will be at Buyer's expense.

The site currently contains a cell tower which is to remain on a 2.3 acre subdivided lot and which will continue to be owned by the Seller. All lots require individual grinder pumps.

John Harrington Robb Aumiller

410-494-4863 jharrington@ 410-494-4883 rjaumiller@

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