Sperry Van Ness Teams Coordinate Sale of Multifamily Redevelopment Opportunity in Premier Baltimore Neighborhood
Former church property in upper Fell’s Point area scheduled as an online and onsite sale Nov. 12-19
Baltimore, Maryland (November 04, 2015)—SVN Motleys—a founding member of Sperry Van Ness® Auction Services, a national provider of date-specific sales and special asset solutions—is teaming up with Baltimore-based SVN | RealSite Commercial Group to coordinate the sale of a high profile multifamily redevelopment opportunity in Baltimore’s upper Fell’s Point area.
Located at 1728 Eastern Avenue, the 12,300-square foot property previously served as the location of the First German United Evangelical Church. Most of the demolition is complete. Planning and zoning is in place for 9 apartments and 10 parking spaces. CHAP (Commission for Historical and Architectural Preservation) tax credit is available.
Interested buyers can bid online or onsite. Bidding opens on Thursday, Nov. 12 and closes Thursday, Nov. 19 at 11 am ET. Agents will be onsite at 10 am ET on sale day to assist bidders. For more information, register and view images of the property, visit http://properties.svn.com/1728EasternAuction.
“The property represents an outstanding redevelopment opportunity,” said Justin Verner, senior Advisor and multifamily asset expert, SVN | RealSite Commercial Group. “It sits in one of the area’s foremost neighborhoods and within minutes of downtown Baltimore, Harbor East and Canton. It has been our experience that when properties become available in this area, they attract much attention and activity from investors and developers.”
Fell's Point is a vibrant, historic waterfront community long known as one of Baltimore's premier neighborhoods. The property sits blocks from Broadway Market, which is anticipated to undergo major renovations in the near future. Several local bus routes are within a block of the property and the area features many local eateries, boutiques and businesses within walking distance.
The coordination of this property sale represents SVN’s philosophy of bringing together the right team of Advisors and experts to best serve the client. In this case, SVN | RealSite Commercial Group provides local market and multifamily knowledge while the SVN Motleys team provides date-specific sale expertise.
“The SVN family of Advisors, asset experts and date-specific solution providers work seamlessly together to provide the most benefit to the client,” said Tim Dudley, CAI, AARE, Senior Advisor with SVN Motleys. “It’s a philosophy that is built into our DNA and really sets us apart within the industry.”
About Sperry Van Ness Auction Services
SVN Auction Services is a provider of date-specific sales and special asset solutions. It encompasses an elite group of local and regional auction advisors throughout the United States who specialize in areas such as foreclosures, tax sales, multi-properties, receiverships and bankruptcies. SVN Auction Services offers the industry’s most comprehensive spectrum of auction solutions—from rapid asset resolution and 30-day countdown asset sales to wide area and high impact/high promotion events. As part of one of the most recognized and reputable commercial real estate firms in the industry, SVN Auction Services is supported by SVN International’s more than 800 commercial real estate advisors throughout the nation. This relationship provides outstanding opportunities for SVN Auction Services to serve clients needing to move assets in accelerated timeframes and creates significant value for buyers and sellers. For more information, visit SVN Auction Services.
Tim Dudley, CAI, AARE
Zeszutko Corp.-PR on behalf of SVN Auction Services