911 921 W Hamilton St, Allentown, PA 18101
sale
$8,150,000
|
Commercial-Other
Listed By CENTURY 21 Keim Realtors
The largest site available within the Neighborhood Improvement Zone (NIZ) perfect for major redevelopment project. The entire block adjacent to the PPL tower, this 30,057 SF site includes 7 buildings, fronts on 3 streets and backs up to the parking deck with the potential of a skywalk directly into the deck. While the property currently includes 6 storefronts and 22 apartments, the true value is in redevelopment and taking advantage of the incredible tax incentives of the NIZ. Available are sketch plans for a 9-story mixed-use building and a 11-story hotel conference center.
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Property Features
- Anchor Name: 6
- Building Area: 41302.00 SF
- Cooling: Wall Unit A/C
- Cooling: Central A/C
- Cross Docks: N
- Exterior Description: Brick
- For Auction: N
- General: Wheel Chair Accessible
- Gross Income: 289740.00
- Heating - Fuel Type: Gas
- Lot Size Desc: 1/2 - 1 Acre
- Lot Size In Text: 0.69 Acres
- MLSID: 747646
- Net Operating Income: 219877.00
- Price Upon Request: N
- Sewer: Public
- Style: Other Style
- Sublease: N
- Tax Year: 2024
- Taxes: $38863.00
- Total Units: 28
- Views: City / Strip
- Water: City Water
- Year Built: 1900
- Zoning: B-2 Central Business
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