960 W Hamilton St - Storefront Retail/Residential FOR SALE


Allentown, PA 18101- City Center
$899,900 USD
960 W Hamilton St, Allentown, PA for Sale
$899,900 USD
Storefront Retail/Residential - FOR SALE
1/37
null | Request Cap Rate

960 W Hamilton St
Allentown, PA 18101
City Center


HIGHLIGHTS

  • NIZ Opportunity Zone
  • Mixed Use Property with Parking Lot

OVERVIEW

Perfect for a business owner, investor or someone who wants to redevelop a site in the heart of Allentown’s NIZ opportunity zone, this building features a first floor retail / office space that is currently a cigar shop, 2 large upper floor apartments and a private 12 car parking lot. The site is directly across from the new Archer Music Hall and the new Moxy Hotel and next to a new 5-story 78 unit complex and is surrounded by 450 new apartments, 14,000+ office workers, and entertainment venues including the PPL Center, there has been more an a billion in new development in this zone since the NIZ inception because most taxes generated in the NIZ can be used to pay down debt service on any financed construction improvements within the zone. Property is part of an approved 12-story residential development for 192 units, but Buyer would need to purchase the neighboring parcels in order to executed.

FOR SALE DETAILS

PRICE

$899,900 USD

PRICE/SF

$170 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

B-2

APN/PARCEL ID

549699469371-1

ASK ABOUT THIS PROPERTY

Loren KeimCentury 21 Keim RealtorsMore Info

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Loren KeimCentury 21 Keim RealtorsMore Info

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