915 921 West Hamilton Street Active

Allentown City,PA 18101

$ 4950000

- Bed

- Bath

18124 SqFt


Key Details

Property Type Commercial

Sub Type Commercial,Office Building,Retail

Listing Status Active

Purchase Type For Sale

Square Footage 18,124 sqft

Price per Sqft $273

MLS Listing ID 735428

Year Built 1900

Annual Tax Amount $38,863

Lot Size 0.458 Acres

Property Description

5 Buildings make up the nearly half-acre corner of Hamilton and Fountain in the same block as PPL Tower. Located in the incredible tax opportunity zone of the NIZ, this site is perfect for a major redevelopment project. Renderings are available for a major 11 story 300-unit hotel on this site with underground parking, OR an office building OR renderings are available for a mixed-use project with retail first floor, office second floor and 7 to 10 stories of apartments above. The property backs up to an Allentown Authority parking garage. The property currently has 21 units incl 4 storefronts and 17 residential units with a Gross Income of $269,700, although it could be significantly higher and an NOI of over $200,000

Location

State PA

County Lehigh

Area Allentown-Central

Interior

Cooling Central AC,Wall AC

Exterior

Garage Spaces 40.0

Utilities Available 1600+ AMP,Gas Available

Building

Sewer Public

Water Public

New Construction No

Schools

School District Allentown

Others

Miscellaneous Display Window,Finished Ceiling,Finished Wall,Restrooms-Private

Financing Cash,Conventional

Special Listing Condition Not Applicable

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