Price Reduction
Address
949 Hamilton Street Allentown, PA
Price
$ 3,800,000
Property Attributes
  • MLS#658041
  • TypeMulti-Family
  • CountyLEHIGH
  • CityAllentown
  • AreaAllentown-Central
  • NeighborhoodNot in Development
  • Zip18101
  • StyleCommercial,Complex,Detached
  • Year Built1922
  • Taxes$ 31487
  • Price$ 3,800,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage48860
  • Lot Size0.42 Acres
Listing Provided Courtesy Of:
EXP Realty LLC
Data Source:
Greater Lehigh Valley MLS (GLVMLS) - 28 - PA
Property Description

$668,400 GROSS, $571913 NET, 12.2% PROJ CAP. This NIZ/Opportunity zone redevelopment portfolio includes three (3) contiguous buildings featuring 270 FT of frontage on .42 downtown acres equalling a total of 35,000+ SF in leasable space, break down as twelve (12) street-level store-front retail units, three (3) 2nd-floor executive office suites & one (1) 2,500 SF apartment. HIGHLIGHTS - Fully installed sprinkler system, elegant curb appeal w/ interior upgrades including multiple glass-enclosed offices, high ceilings, open floor plan, fluorescent lighting, & executive wood-paneled office w/ gorgeous bathrooms. PROPERTY should be REDEVELOPED w/ Sizable NIZ/OPP ZONE fed/state tax benefits, combined w/ Allentown's downtown revitalization & LIMITED HEIGHT RESTRICTION, this is an optimal site for a hotel, apartment building, corporate office center, or current mixed-use layout. See aerial media/virtual tour. SQFT per building: 1st = 7,800SF. 2nd = 17,500SF, 3rd = 8,120SF.

Price History
1/27/2021 Listed $4,750,000
7/29/2021 17% - $3,950,000
10/12/2021 2% - $3,900,000
10/18/2021 3% - $3,800,000

General Features

Construction Brick, Other, Stone, Stucco
Cooling Central AC
County Lehigh
Parking Off Site
School District Allentown
Sewer Public
Subdivision Not in Development
Water Public
Water/Sewer 1000
Zoning Code B-2-CENTRAL BUSINESS

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 18101

Price
AVG $1.18M
$3.8M
Taxes
AVG $8,975
$31,487
Visits
AVG 54
35
Year Built
AVG 1892
1922
Walkscore
AVG 85
85
Data Provided by Walkscore ® not using MLS data

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