Address
1 West Hamilton NIZ PORTFOLIO Allentown, PA
Price
$ 22,500,000
Property Attributes
  • MLS#659467
  • TypeCommercial
  • CountyLEHIGH
  • CityAllentown
  • AreaAllentown-Central
  • NeighborhoodNot in Development
  • Zip18101
  • Style
  • Taxes$ 215466
  • Price$ 22,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.97 Acres
Listing Provided Courtesy Of:
EXP Realty LLC
Data Source:
Greater Lehigh Valley MLS (GLVMLS) - 28 - PA
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

Best Usage Apartments, General Business, Commercial, Industrial, Manufacturing, Office, Other, Warehouse
County Lehigh
Options Build to Suit, Lease, Other, Sell All
School District Allentown
Sewer Public Site
Topography Level
Utilities Electric Underground, Gas Available
Water Public Site
Zoning Code Commercial

Interior Features

Subdivision Not in Development

Exterior Features

Improvements Paved
Road City Road
Surfacetype Black Top, Concrete

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 18101

Price
AVG $2.82M
$22.5M
Taxes
AVG $69,582
$215,466
Visits
AVG 23
51
Walkscore
AVG 89
95
Data Provided by Walkscore ® not using MLS data

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