Address
960 West Hamilton Street Allentown, PA
Price
$ 850,000
Property Attributes
  • MLS#659311
  • TypeCommercial
  • CountyLEHIGH
  • CityAllentown
  • AreaAllentown-Central
  • Zip18101
  • StyleCommercial,Retail
  • Year Built1900
  • Taxes8137
  • Price$ 850,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5300
  • Lot Size5,053 SqFt
Listing Provided Courtesy Of:
EXP Realty LLC
Data Source:
Greater Lehigh Valley REALTORS
Property Description

DOWNTOWN Allentown holds the most UNIQUE NIZ/OPPORTUNITY ZONE TAX INCENTIVES for investors/developers IN AMERICA, reducing/returning financial liabilities & raising revenues (docs in images). $40,632 GROSS, $36,132 NET, 4.26% CAP RATE @ ASKING. VALUE ADD, 3-UNIT, cash-flowing, fully occupied with LONG term commercial, MIXED MULTI-FAMILY situated on a 5,053SF lot in downtown. Building totals 5,300+SF with 15 paved parking spaces in rear. LOW RENTS - All units have been updated over the years. ALTERNATIVELY - REDEVELOP FOR MAJOR NIZ/OPP ZONE INCENTIVES, e.g., professional offices or hotel. Neighboring DEVELOPER is currently completing a MULTI-MILLION, 5-STORY, 78-unit apartment building at 950-956 West Hamilton (see renderings/images). Property is located .25 miles from PPL event center and the burgeoning Allentown downtown redevelopment. THIS BUILDING IS available with 962 W Hamilton (connected) or available with 20MM+ downtown portfolio. See images for NIZ benefits. MUST SEE MEDIA.

Price History
1/29/2021 Listed $850,000

General Features

Construction Brick
Cooling Wall AC
County Lehigh
Parking Spaces 15
Potential Use Apartments, Church, Convenience Store, Fast Food, Grocery Store, Hotel/Motel, Industrial, Manufacturing, Medical Service, Office, Other, Professional Service, Residence, Retail, Shopping Center, Warehouse
School District Allentown
Sewer Public
Water Public
Zoning Code B-2-CENTRAL BUSINESS

Interior Features

Ceiling 0-9 Feet, 10-12 Feet, 13-15 Feet
Level Grade

Exterior Features

Frontage 80
Surfacetype Black Top, Concrete

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • 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 $2.3M
$850K
Taxes
AVG $56,979
$8,137
Visits
AVG 21
14
Year Built
AVG 1922
1900
Walkscore
AVG 87
85
Data Provided by Walkscore ® not using MLS data

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