Address
1 West Hamilton NIZ PORTFOLIO Allentown, PA
Price
$ 22,500,000
Property Attributes
- MLS#659466
- TypeCommercial
- CountyLEHIGH
- CityAllentown
- AreaAllentown-Central
- Zip18101
- StyleCommercial
- Year Built1900
- Taxes215466
- Price$ 22,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage148360
- Lot Size1.97 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 developers in AMERICA. $2,303,772 GROSS, $1,875,568 NET, 8.34% CAP @ ASK. This CLASS "A" W Hamilton portfolio includes 16 buildings totaling 1.96 downtown acres including 148,000+SF of leasable space including 52 units (23COM / 29RES). To be purchased individually or as a portfolio, these addresses ON W HAMILTON INCLUDE: 949, 962, 960, 911, 926, 915 - 922 & 812. REDEVELOP FOR Maximum NIZ/OPP TAX INCENTIVES, e.g., professional offices/corporate or hotel. Neighboring NIZ/OPP ZONE developers completing over $500MM in construction for over 1000 units/massive parking deck & commercial/retail space in NIZ zone. These buildings are immediately next to the PPL center and have incredible curb appeal, tremendous traffic/walking count, & significant upside as Lehigh Valley continues its exponential growth. These assembled parcels represent the largest downtown offering, at one time, EVER. *NOTE - SEE AERIAL VIDEO & IMAGES.
| Price History | |
|---|---|
| 2/2/2021 | Listed $22,500,000 |
General Features
| Construction | Brick, Other |
|---|---|
| Cooling | Central AC, Wall AC |
| County | Lehigh |
| Parking | Off Site, On Site |
| Parking Spaces | 133 |
| Potential Use | Apartments, Food Banquet, Grocery Store, Hotel/Motel, Industrial, Manufacturing, Medical Service, Office, Professional Service, Research and Develop, Restaurant, Retail, Warehouse, Wholesale |
| School District | Allentown |
| Sewer | Public |
| Water | Public |
| Zoning Code | Commercial |
Interior Features
| Ceiling | 0-9 Feet, 10-12 Feet, 13-15 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
Taxes
Visits
Year Built
Walkscore
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Greater Lehigh Valley REALTORS®. Real Estate listings held by brokerage firms (licensees) other than #firm are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
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