Maryland Prime Property on Commercial Foreclosures Auction

by cassy82 | October 16, 2009 at 09:30 am

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A large pier in Baltimore, Maryland has been placed on commercial foreclosures auctions. The property, which was classified for commercial use, is within walking distance of restaurants, boat slips, upscale condominiums and shops.

A prime pier at the Canton Waterfront in Baltimore, Maryland has been placed on commercial foreclosures auctions. The waterfront pier is known for its picturesque and amazing views of the city skyline and the harbor.

It has been classified for commercial use and within walking distance of boat slips, restaurants, upscale condominiums and shops. However, the pier defied redevelopment efforts despite the significant changes around the harbor front.

Industry experts said that the pier is the last dormant area of the redeveloped coastline in Baltimore. The plight of this waterfront property mirrored the deteriorating condition in the commercial real estate market in Maryland and across the country.

By Cassiano Travareli