By Josh Solomon | NJ Advance Media for NJ.com
Penns Grove borough government may be short on money, but it’s long on property.
The economically depressed Salem County enclave surrounded on three sides by Carneys Point and the Delaware River on the fourth gets nearly a half million dollars a year in state aid just to help it cover its bills.
But the borough also has an outsized real estate portfolio. Of the approximately 1,800 parcels in the 1-square-mile community, the local government owns about one in every 18 of them.
This month, the borough is hoping to even things out by putting most of its estate up for auction. It contracted with Max Spann Real Estate and Auction Company to unload 78 properties from its portfolio, selling them to homeowners or investors in an effort to get them back on the tax rolls. The sale, originally scheduled for March 1, was pushed to March 15, and runs through March 18.
81,386+/- SF of office/warehouse Under High Bid at just over $5.5M.
Posted to EIN Presswire
Historic Stafford Farm in Voorhees is being sold.
The farm dates from a 1773 land grant from Gen. George Washington to his personal guard, Lt. John Stafford, and is preserved as farmland by the state
Article by Neill Borowski, Editor, 70and73.com
During this pandemic period, government agencies are seeking safe, effective means to sell their real estate thereby raising much needed revenue in these challenging times. Max Spann’s all online virtual auction program is the perfect solution. Posted to EIN Presswire.
Residential real estate is booming across Hunterdon County. By Caroline Fassett | NJ Advance Media for NJ.com
Max Spann Covid-19 Response Program for our Government Clients
“Raising Government Revenue in our Current Climate”
We hope this message finds you, your family and co-workers safe and healthy. As we are beginning to see the flattening out of the Covid-19 contagion, our Company has implemented a strategy to conduct business on behalf of our clients while adhering to CDC guidelines and other health policies for the protection of the greater community. Business will continue and Max Spann has the Competitive Bid Solutions to help our clients sell their properties quickly and efficiently.
To that end we have following components in place and ready:
• An online only Auction platform in which buyers can bid from their phones or computers.
• “Virtual” property tours where prospective bidders can review a Property on-line.
• A carefully structured open house plan which would limit and space out physical visits.
• A virtual data room where prospects can download detailed property information packages (PIPS).
• Structured Sales, Sealed Bid and RFP Management Services.
• Electronic Signature and money wiring services to efficiently handle contract management.
With these programs in place we are looking to proceed with auctions we had postponed at just prior to the outbreak and are targeting the end of May 2020 . We are now looking at our June calendar as well for new prospect clients.
Covid-19 will certainly change the way we do business and we are ready. We do see delays and some challenging times ahead however, interest Rates are lower than ever before, buyers are looking for new locations with home offices and a new dynamic on how we interact. Remember, our Government Program.
Benefits of a Professional Max Spann Multi-Media Marketing Campaign
- Expanded geographic pool of buyers achieves the highest competitive values
- No Cost to the Municipality—Max Spann Auction Co. pays upfront marketing - Purchasers pay commission
- Max Spann Auction Co. handles all inquiries— No Burden on your staff
- Auction process assures transparent transaction
Contact us today to learn more about our Covid-19 Response Program.
Be safe and healthy!
Max Spann, Jr.
The number one priority at Max Spann RE & Auction Co. is to protect the health and safety of our clients and employees. We are carefully monitoring this evolving situation and following the guidance of the Centers for Disease Control and Prevention (CDC) and the World Health Organization (WHO). We have policies and procedures in place across our business to address issues as they may arrive.
In the interim we remain open albeit largely working remotely to continue to service our clientele and be of support to the real estate community. While we have rescheduled some impending auctions, we hope to announce new dates shortly for online only auction dates. Please feel free to contact us via email or on our website. There might be a slight delay in a phone call back as I am sure everyone can understand under the circumstances. We are confident that this challenge will eventually pass and it will be back to usual business.
Our thoughts and good wishes go out to all of our valued friends and associates.
Be safe and be optimistic!
Maximillian M. Spann, Jr.
“50 Years Serving the Nation”
Max Spann R.E. & Auction Co.
New York, NY – Clinton, NJ – Naples, FL
Want to buy a school? Pohatcong Township is auctioning off building on 2 acres
Updated Feb 05, 2020; Posted Feb 05, 2020
A New York-based developer plans on redeveloping the Grand Marketplace in Willingboro, an indoor flea market, and is considering potential residential or industrial uses. Article by Michelle Caffrey, Philadelphia Business Journal, December 24, 2019.
Press Release: Max Spann Real Estate and Auction Co. is auctioning 195+/- foreclosed properties throughout Atlantic City on Tuesday, December 17, 2019.
LEGENDARY NJ HARNESS RACING LEADER’S FARM TO BE SOLD
By Leon Zimmerman
(Member of the Harness Racing Communicators Hall of Fame)
The Colts Neck, NJ, horse farm founded by the late Hall of Famer Anthony T. Abbatiello, a leader in the growth of harness racing that propelled New Jersey to prominence in the sport for four decades, is to be sold at auction on site on September 5.
Sale of the 64.3-acre property, reduced from its original 450 acres many years ago by a state takeover of land for a major state highway (Route 18), includes a house, two barns with horse or livestock stalls, a half-mile horse training track, an accessory building with three large garage-type bays, four ponds for fishing or irrigation with a pump and State Department of Environmental Protection approvals in place.
Article on mycentraljersey.com about the upcoming auction for the Historic House in Neshanic Station by order of Branchburg Township.
Article on JerseyDigs.com about our upcoming Auction in Jersey City, NJ on March 14, 2019.
Article about the 75,000+/- Retail Building in Vineland NJ going up for Auction on December 12, 2018. The Daily Journal, Deborah Marko, Vineland Daily Journal Published 5:22 p.m. ET Dec. 4, 2018 | Updated 5:39 p.m. ET Dec. 4, 2018
Article on 6SQFT.com about the upcoming Auction of the 1920's Georgian Mansion in South Orange NJ on November 18th.