Views
Address
812 West Hamilton Street Allentown, PA
Price
$ 8,200,000
Property Attributes
  • MLS#659358
  • TypeCommercial
  • CountyLEHIGH
  • CityAllentown
  • AreaAllentown-Central
  • Zip18101
  • StyleCommercial,Flexible Space,Retail
  • Year Built1900
  • Taxes111222
  • Price$ 8,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage44000
  • Lot Size0.46 Acres
Listing Provided Courtesy Of:
EXP Realty LLC
Data Source:
Greater Lehigh Valley REALTORS
Property Description

Allentown holds the most UNIQUE NIZ/OPPORTUNITY ZONE TAX INCENTIVES for investors/developers IN USA (tax incentives in images). $1,056,000 Projected GROSS, $844,800 NET INCOME, 10.3% CAP @ ASK. This CLASS "A" portfolio includes 4 parcels totaling .46 contiguous downtown acres including over 43,000SF+ of leasable space and is home to the world-famous Fegley Brew Works brewery/restaurant/venue (Owner WILL Lease Back). Potential ROOFTOP BAR & MUST SEE 4th-floor loft-style luxury office space with incredible views and interior glass walls. ALTERNATIVELY - REDEVELOP FOR MAJOR NIZ/OPP ZONE INCENTIVES, e.g., professional offices/corporate or hotel (See virtual tour). Neighboring NIZ/OPP ZONE developers completing over $300MM in construction for over 600 units/massive parking deck & commercial/retail space in NIZ zone (see downtown development images). These buildings are immediately next to the PPL center and have incredible curb appeal, tremendous traffic/walking count, & significant upside.

Price History
1/30/2021 Listed $8,200,000

General Features

Construction Brick
Cooling Central AC
County Lehigh
Parking Off Site, On Site
Parking Spaces 28
Potential Use Apartments, Church, Hotel/Motel, Industrial, Manufacturing, Office, Other, Professional Service, Restaurant, Retail, Shopping Center, Warehouse, Wholesale
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, 16-18 Feet
Level Grade

Exterior Features

Road City Road
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 $2.29M
$8.2M
Taxes
AVG $61,152
$111,222
Visits
AVG 23
7
Year Built
AVG 1925
1900
Walkscore
AVG 87
95
Data Provided by Walkscore ® not using MLS data

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