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
AVG $2.29M
$22.5M
Taxes
AVG $61,152
$215,466
Visits
AVG 23
3
Year Built
AVG 1925
1900
Walkscore
AVG 87
95
Data Provided by Walkscore ® not using MLS data

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