$5,900,000 949 Hamilton Street Allentown, PA

MLS: 568646   Type: Commercial   County: Lehigh   City: Allentown   Area: Allentown-central   Zip: 18101   Style: Commercial     Taxes: $27,689

Mortgage $27,699 /mo

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0.42

1922

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.

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Price History

1/24/2018 Listed $5,900,000

County Lehigh
Zoning Code B-2-Central Business

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Direct Link:

http://heathermartin.lhv.exprealty.com/property/28-568646-949-Hamilton-Street-Allentown-PA-18101

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Property vs Zip Code Avg (18101)

Price 5.90M Avg 452K

Taxes $27,689 Avg $5,327

Acres 0.42 Avg 0.1

Visits 3 Avg 13

Days on Site 119 Avg 254

Walkscore® 90 Avg 90

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Listing Provided Courtesy Of: KW Commercial




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Location & Address

Heather Martin

Pittsburgh, PA
610-914-3763