Views
Address
812 West Hamilton Street Allentown, PA
Price
$ 8,200,000
Property Attributes
  • MLS#659333
  • TypeMulti-Family
  • CountyLEHIGH
  • CityAllentown
  • AreaAllentown-Central
  • NeighborhoodNot in Development
  • Zip18101
  • StyleComplex,Mixed Use
  • Year Built1900
  • Taxes$ 111222
  • 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, Stone
Cooling Central AC
County Lehigh
Electric 16996
Features Fire Escape
Parking Paved Lot
Parking Spaces 28
School District Allentown
Sewer Public
Subdivision Not in Development
Water Public
Water/Sewer 10998
Zoning Code B-2-CENTRAL BUSINESS

Interior Features

Heating 15996

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 $3.92M
$8.2M
Taxes
AVG $42,653
$111,222
Visits
AVG 32
13
Year Built
AVG 1901
1900
Walkscore
AVG 90
95
Data Provided by Walkscore ® not using MLS data

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