22 N 6th St - Freestanding FOR SALE


Allentown, PA 18101- City Center
$2,995,000 USD
610-972-6808
22 N 6th St, Allentown, PA for Sale
$2,995,000 USD
Freestanding - FOR SALE
1/20
null | Request Cap Rate

22 N 6th St
Allentown, PA 18101
City Center


HIGHLIGHTS

  • ***Owner Financing Available for Qualified Buyer***
  • Top of the Line Finishes / Build Out
  • Allentown's Only Glass Roof Top Bar
  • Night Club/Restaurant/ Banquets/ Wedding Facility
  • Neighborhood Improvement Zone Opportunity
  • Multiple Parking Decks Nearby

OVERVIEW

***UPDATE: Owner will consider holding mortgage with below market interest rates for QUALIFIED buyer with significant down payment.*** The resurgence of downtown Allentown, PA has been nationally noticed. There has been over $1 Billion in new development spurred by the creation of the one of a kind Neighborhood Improvement Zone (NIZ) legislation. New office buildings, retail, residential projects event centers and a world class sports and entertainment arena have pumped life into the downtown again. This gorgeous restaurant/ event/catering/ conference facility could be your opportunity to become part of the incredible success story. The six level structure boasts the only glass rooftop bar in Allentown. Each floor was elegantly designed utilizing the best finishes available. This restaurant opened as The Cosmopolitan and later transformed into Hook Seafood Restaurant. If anything the Cosmopolitan and Hook were ahead of their time in this once struggling city. Those times have certainly changed and this versatile facility is primed to be re-opened as designed or possibly repositioned as a boutique hotel or maybe a high end residential project. Current Owner will consider Leasing the structure to a qualified Tenant.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$140 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Incredible NIZ Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Bar, Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

B-2

APN/PARCEL ID

640710474906-1

ASK ABOUT THIS PROPERTY

James BallietKeller Williams-The James Balliet Property GroupMore Info
610-972-6808

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James BallietKeller Williams-The James Balliet Property GroupMore Info
610-972-6808

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.