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Bankruptcy sale features .27-acre property located right across from beloved public greenspace Patterson Park and permit-ready for construction of up to nine new homes

BALTIMORE – August 28, 2023 — A&G Real Estate Partners is now accepting offers for a 0.27-acre parcel of land in Southeast Baltimore’s vibrant Patterson Park neighborhood, known for its 19th-century rowhouses and the public park of the same name.

Part of a designated historic district, the property at 12-16 S. Patterson Park Avenue is permit- ready for nine residential homes. It sits right across the street from 155-acre Patterson Park, built in 1867 and beloved for its greenspace, lake, ice-skating rink, swimming pool, Victorian pagoda and summer concerts, festivals and events, said Mike Matlat, a Senior Managing Director in A&G’s real estate sales division.

“This bankruptcy sale represents an incredible opportunity for developers to capitalize on the surging residential demand in fast-growing Patterson Park,” Matlat said. “It’s a ready-to-build site, with existing buildings primed for demolition and permits already secured.”

Sitting just across the street from the public park’s Northwest corner, the parcel is close to The Observatory at Patterson Park and convenient to nearby venues such as Ministry of Brewing, Charmed Kitchen, La Barrita, Johnny Rad’s Pizzeria Tavern, and BMORE LICKS ice cream shop, to name just a few.

“Patterson Park is surrounded, not only by top-rated eateries, taverns, nightlife and cultural hotspots, but also by service tenants, public and private schools, banks, grocery stores and other conveniences of daily living,” Matlat noted. “It’s part of the reason for the upward trajectory of the real estate market in this area.”

In addition, the property is potentially suitable for Baltimore’s High-Performance Newly Constructed Dwellings Property Tax Credit, which is designed to promote the construction of new housing stock through a 5-year incentive for property owners. “It’s a powerful enticement that could potentially add value to the residential homes on offer,” Matlat noted.

The Patterson Park neighborhood is known for the strength of its community connections, the executive added. “As noted by the 501(c)3 nonprofit Baltimore Live, it’s a place where residents greet each other on the streets and hangout and socialize at events,” Matlat said. “This truly is a rare development opportunity in one of the most exciting neighborhoods in Southeast Baltimore.”

For Immediate Release

For further information on the property, visit www.agrep.com/pattersonpark or contact Mike Matlat, (631) 465-9508, This email address is being protected from spambots. You need JavaScript enabled to view it..

Media Contacts: At Jaffe Communications, Elisa Krantz, (908) 789-0700, This email address is being protected from spambots. You need JavaScript enabled to view it..