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  • DESCRIPTION

    PRICE REDUCED!!! Downtown Allentown, PA development site/redevelopment opportunity For Sale located in the burgeoning Neighborhood Improvement Zone (NIZ). The NIZ is unprecedented State Tax legislation created in 2009. The program has spurred almost one billion dollars in new development in downtown Allentown since it's inception including PP&L Event Center (Home to the Lehigh Valley Phantoms), multiple high rise office buildings, restaurants, retail, apartments and much more. Virtually all taxes generated within the NIZ (except school taxes and city taxes) can be used to pay down debt service on any financed construction improvements within the zone. This is one of the largest properties in the downtown available to purchase and develop. The current structures consist of approximately 34,020 SF of retail, office and residential in varying condition. The lot size is .42 acres. The structures can be redeveloped or razed for new development.

    KEY DETAILS
    • Price:
    • $4,500,000
    • Bedrooms:
    • 0
    • Full Baths:
    • 0
    • Square Footage:
    • n/a
    • Acreage:
    • 0.42
    • Year Built:
    • 1922
    • MLS #:
    • 568646
    • Street Address:
    • 949 Hamilton St
    • City:
    • Allentown City
    • State:
    • PA
    • Postal Code:
    • 18101
    • County:
    • Lehigh
    • Area:
    • Allentown-Central
    • Listing Status:
    • For Sale - Available

    Building

    • Architecture Style:
    • Commercial
    • Year Built:
    • 1922

    Land

    • Approximate Lot Size Range Source:
    • Tax Records
    • Conforms To Zoning:
    • B-2-Central Business
    • Lot Square Footage:
    • 18208

    Money

    • Property Taxes:
    • $27,689

    Source

    • Provided By:
    • Courtesy of Kw Commercial

      The data relating to real estate for sale or previously for sale on this web site comes in part from the Internet Data Exchange of the Lehigh Valley Association of REALTORS Multiple Listing Listing Service. Real Estate listings held by brokerage firms (licensees) other than this firm are marked with the IDX logo and detailed information about them includes the name of the listing brokers.


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    SCHOOL RATINGS

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    NOTES

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