Address
949 Hamilton Street Allentown, PA
Price
$ 5,900,000
Property Attributes
  • MLS#568646
  • TypeCommercial
  • CountyLEHIGH
  • CityAllentown
  • AreaAllentown-Central
  • Zip18101
  • StyleCommercial
  • Year Built1922
  • Taxes27689
  • Price$ 5,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.42 Acres
Listing Provided Courtesy Of:
KW Commercial
Property Description

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.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
1/24/2018 Listed $5,900,000

General Features

County Lehigh
Zoning Code B-2-Central Business

Interior Features

Cooling None

Exterior Features

Surfacetype None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 18101

Price
AVG $260K
$5.9M
Taxes
AVG $1,633
$27,689
Visits
AVG 19
8
Year Built
AVG 1915
1922
Walkscore
AVG 90
90

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