5497 Waterloo RdEllicott City, MD 21043

For Sale
Call for price

2.04-Acre Howard County Site, 95 Units

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 2.04-acre land parcel in Ellicott City, Howard County, Maryland, presents a unique investment opportunity. Located at 5497 Waterloo Rd, zip code 21043, this fee-simple property is zoned POR and offers significant potential for age-restricted adult housing. With an approved Environmental Compliance Plan (ECP) and a submitted Site Development Plan (SDP) anticipating full entitlements for 95 units by Q2 2025, this site is poised for immediate development. The property's designation as a Difficult Development Area (DDA) by HUD further underscores its potential. Howard County's high housing demand, particularly for age-restricted housing, creates a strong market for this project. The site is well-suited for various development options, including market-rate or affordable active adult rental communities, a market-rate assisted living facility, or a for-sale senior living condominium community. Offers are due December 9, 2024. This prime location within Howard County, consistently ranked among the wealthiest counties nationally, ensures strong market rents and a limited supply of comparable properties in the pipeline.

Highlights

  • 2.04-acre approved development site in Ellicott City, MD.
  • Proposed 95-unit age-restricted adult housing community; Site Development Plan submitted, anticipated approval Q2 2025.
  • Located in Howard County, MD, designated Difficult Development Area (DDA).
  • Strong market rents and limited comparable supply.
  • Ideal for affordable/market-rate active adult rentals, market-rate assisted living, or for-sale age-restricted condos. Offers due December 9, 2024.

Property Details for 5497 Waterloo Rd

Property type
Other land, Land
Lot Size (sq. ft)
88,862 SF

Location Insight

City
Ellicott City
County
Howard
State
Maryland
Latitude
39.220504866321
Longitude
-76.807548347529
5497 Waterloo Rd, Ellicott City, Maryland

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5497 Waterloo Rd
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